Balyasny Asset Management L.P. Cuts Stake in TWFG, Inc. (NASDAQ:TWFG)

Balyasny Asset Management L.P. cut its position in TWFG, Inc. (NASDAQ:TWFG) by 22.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 150,681 shares of the company’s stock after selling 43,389 shares during the quarter. Balyasny Asset Management L.P.’s holdings in TWFG were worth $4,641,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TWFG. Venturi Wealth Management LLC purchased a new position in TWFG in the 4th quarter worth approximately $86,000. Tower Research Capital LLC TRC lifted its holdings in shares of TWFG by 273.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company’s stock valued at $100,000 after purchasing an additional 2,368 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of 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 last quarter. Y Intercept Hong Kong Ltd bought a new stake in TWFG in the 4th quarter worth about $244,000. Finally, Norges Bank purchased a new position in TWFG in the 4th quarter worth about $297,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TWFG shares. 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 report on Tuesday, March 4th. Morgan Stanley decreased their target price on shares of TWFG from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods dropped their price target on TWFG from $33.00 to $32.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

TWFG Stock Performance

TWFG stock opened at $32.24 on Friday. TWFG, Inc. has a 52-week low of $21.31 and a 52-week 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. The company has a fifty day simple moving average of $31.03 and a 200-day simple moving average of $30.97.

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.