TWFG (NASDAQ:TWFG) Price Target Lowered to $30.00 at Morgan Stanley

TWFG (NASDAQ:TWFG) had its target price cut by Morgan Stanley from $31.00 to $30.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 2.39% from the stock’s previous close.

A number of other brokerages have also recently weighed in on TWFG. JPMorgan Chase & Co. reissued a “neutral” rating and set a $33.00 price objective (up from $30.00) on shares of TWFG in a research note on Friday, January 3rd. BMO Capital Markets increased their target price on TWFG from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods boosted their price target on TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, December 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.14.

TWFG Stock Down 4.1 %

NASDAQ TWFG traded down $1.25 during trading hours on Tuesday, reaching $29.30. The company’s stock had a trading volume of 20,526 shares, compared to its average volume of 159,772. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61. The company’s 50-day moving average is $30.20 and its two-hundred day moving average is $30.22. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $36.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TWFG. T. Rowe Price Investment Management Inc. increased its stake in TWFG by 36.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,553,674 shares of the company’s stock valued at $47,854,000 after purchasing an additional 415,159 shares during the last quarter. FMR LLC acquired a new stake in TWFG in the 3rd quarter worth about $34,942,000. Alliancebernstein L.P. grew its holdings in TWFG by 7.6% in the 4th quarter. Alliancebernstein L.P. now owns 1,011,222 shares of the company’s stock valued at $31,146,000 after buying an additional 71,106 shares during the period. Capital International Investors grew its holdings in TWFG by 30.8% in the 4th quarter. Capital International Investors now owns 878,807 shares of the company’s stock valued at $27,067,000 after buying an additional 206,969 shares during the period. Finally, Bamco Inc. NY lifted its holdings in shares of TWFG by 19.6% during the 4th quarter. Bamco Inc. NY now owns 871,661 shares of the company’s stock worth $26,847,000 after acquiring an additional 142,913 shares during the period.

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.