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

Picton Mahoney Asset Management trimmed its holdings in shares of TWFG, Inc. (NASDAQ:TWFG) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the company’s stock after selling 2,000 shares during the quarter. Picton Mahoney Asset Management owned 0.10% of TWFG worth $462,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TWFG. Venturi Wealth Management LLC purchased a new position in TWFG during the fourth quarter worth about $86,000. Quantbot Technologies LP acquired a new position in shares of TWFG in the 3rd quarter worth approximately $93,000. Y Intercept Hong Kong Ltd purchased a new position in shares of TWFG during the 4th quarter worth approximately $244,000. Franklin Resources Inc. acquired a new stake in TWFG in the 3rd quarter valued at approximately $293,000. Finally, Maven Securities LTD purchased a new stake in TWFG in the third quarter valued at approximately $280,000.

TWFG Trading Up 0.8 %

Shares of TWFG opened at $29.05 on Monday. TWFG, Inc. has a 1 year low of $21.31 and a 1 year high of $36.50. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02. The stock has a 50-day simple moving average of $29.89 and a 200-day simple moving average of $30.16.

Analyst Ratings Changes

TWFG has been the subject of several research analyst reports. BMO Capital Markets raised their price target 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 target price on TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $33.00 price target (up previously from $30.00) on shares of TWFG in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.14.

TWFG Company Profile

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.