Boothbay Fund Management LLC Reduces Stock Holdings in TWFG, Inc. (NASDAQ:TWFG)

Boothbay Fund Management LLC cut its stake in TWFG, Inc. (NASDAQ:TWFG) by 24.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,562 shares of the company’s stock after selling 4,462 shares during the quarter. Boothbay Fund Management LLC owned about 0.09% of TWFG worth $418,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TWFG. Venturi Wealth Management LLC bought a new stake in TWFG during the 4th quarter valued at approximately $86,000. Tower Research Capital LLC TRC grew its stake in TWFG by 273.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company’s stock worth $100,000 after purchasing an additional 2,368 shares during the period. Quantbot Technologies LP lifted its position in TWFG by 57.8% during the fourth quarter. Quantbot Technologies LP now owns 5,407 shares of the company’s stock valued at $167,000 after buying an additional 1,981 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of TWFG in the 4th quarter worth about $244,000. Finally, Franklin Resources Inc. bought a new position in shares of TWFG in the 3rd quarter worth about $293,000.

TWFG Trading Down 0.2 %

Shares of TWFG stock opened at $31.62 on Friday. The stock has a fifty day simple moving average of $30.81 and a two-hundred day simple moving average of $30.85. TWFG, Inc. has a 52-week low of $21.31 and a 52-week 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.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $33.00 price objective (up previously from $30.00) on shares of TWFG in a report on Friday, January 3rd. Morgan Stanley dropped their target price on TWFG from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 25th. Keefe, Bruyette & Woods lowered their price target on TWFG from $33.00 to $32.00 and set a “market perform” rating for the company in a research report on Wednesday, April 9th. Finally, BMO Capital Markets raised their price target on shares of TWFG from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, TWFG currently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

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.