TWFG, Inc. (NASDAQ:TWFG) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management lessened its holdings in shares of TWFG, Inc. (NASDAQ:TWFG) by 11.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,000 shares of the company’s stock after selling 2,000 shares during the period. Picton Mahoney Asset Management’s holdings in TWFG were worth $462,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd purchased a new position in TWFG in the fourth quarter valued at approximately $244,000. Alberta Investment Management Corp boosted its holdings in shares of TWFG by 4.4% in the 4th quarter. Alberta Investment Management Corp now owns 124,462 shares of the company’s stock valued at $3,833,000 after buying an additional 5,215 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of TWFG in the 4th quarter valued at $86,000. Lord Abbett & CO. LLC acquired a new stake in TWFG during the 3rd quarter worth $8,122,000. Finally, Franklin Resources Inc. purchased a new stake in TWFG in the third quarter valued at $293,000.

TWFG Stock Up 0.8 %

TWFG stock opened at $29.05 on Monday. The stock has a 50 day moving average of $29.89 and a two-hundred day moving average of $30.16. TWFG, Inc. has a twelve month low of $21.31 and a twelve month high of $36.50. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02.

Analyst Ratings Changes

A number of analysts have recently commented on TWFG shares. BMO Capital Markets lifted their target price on TWFG from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods lifted their price target on TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $33.00 price objective (up from $30.00) on shares of TWFG in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.14.

About TWFG

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers’ compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.