TWFG (NASDAQ:TWFG) Price Target Cut to $30.00 by Analysts at Morgan Stanley

TWFG (NASDAQ:TWFG) had its target price decreased by Morgan Stanley from $32.00 to $30.00 in a report published on Tuesday morning, Marketbeat reports. Morgan Stanley currently has an equal weight rating on the stock.

TWFG has been the subject of several other reports. UBS Group raised their price target on TWFG from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Piper Sandler reduced their price objective on TWFG from $38.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, August 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.29.

TWFG Price Performance

Shares of NASDAQ:TWFG opened at $28.19 on Tuesday. TWFG has a 1-year low of $23.52 and a 1-year high of $36.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 105.86 and a quick ratio of 105.86. The business has a fifty day moving average price of $27.11 and a 200-day moving average price of $30.98. The company has a market capitalization of $1.58 billion, a PE ratio of 68.76 and a beta of 0.31.

Institutional Investors Weigh In On TWFG

Large investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its stake in shares of TWFG by 28.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company’s stock valued at $61,470,000 after purchasing an additional 434,997 shares during the period. Alliancebernstein L.P. grew its stake in shares of TWFG by 15.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,170,377 shares of the company’s stock valued at $36,176,000 after purchasing an additional 159,155 shares during the period. Bamco Inc. NY grew its stake in shares of TWFG by 3.9% during the 2nd quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock valued at $31,572,000 after purchasing an additional 34,237 shares during the period. Vanguard Group Inc. grew its stake in shares of TWFG by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 621,151 shares of the company’s stock valued at $19,200,000 after purchasing an additional 4,252 shares during the period. Finally, Nuveen LLC bought a new stake in shares of TWFG during the 1st quarter valued at about $15,501,000.

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.