TWFG, Inc. (NASDAQ:TWFG) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC lowered its position in shares of TWFG, Inc. (NASDAQ:TWFG) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 380,925 shares of the company’s stock after selling 4,326 shares during the period. Driehaus Capital Management LLC owned approximately 2.57% of TWFG worth $11,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new stake in TWFG during the fourth quarter worth $86,000. Alberta Investment Management Corp increased its position in shares of TWFG by 4.4% during the 4th quarter. Alberta Investment Management Corp now owns 124,462 shares of the company’s stock worth $3,833,000 after purchasing an additional 5,215 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in TWFG in the 4th quarter valued at about $244,000. Quantbot Technologies LP lifted its position in TWFG by 57.8% in 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 last quarter. Finally, Sei Investments Co. boosted its stake in TWFG by 56.4% during the fourth quarter. Sei Investments Co. now owns 13,157 shares of the company’s stock worth $405,000 after buying an additional 4,747 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TWFG. Keefe, Bruyette & Woods decreased their price objective on shares of TWFG from $33.00 to $32.00 and set a “market perform” rating on the stock in a report on Wednesday, April 9th. BMO Capital Markets upped their price target on TWFG from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. Finally, Morgan Stanley dropped their price objective on TWFG from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

TWFG Trading Up 0.6 %

Shares of NASDAQ TWFG opened at $32.24 on Friday. The stock’s 50-day moving average is $31.03 and its two-hundred day moving average is $30.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61. TWFG, Inc. has a 1-year low of $21.31 and a 1-year high of $36.50.

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.