Morgan Stanley Cuts TWFG (NASDAQ:TWFG) Price Target to $28.00

TWFG (NASDAQ:TWFG) had its target price reduced by Morgan Stanley from $31.00 to $28.00 in a research note published on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities analysts also recently issued reports on TWFG. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Piper Sandler lowered their target price on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Zacks Research lowered TWFG from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada assumed coverage on TWFG in a report on Monday, November 24th. They set an “outperform” rating and a $33.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, November 17th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.83.

TWFG Trading Up 5.2%

Shares of TWFG stock opened at $20.81 on Thursday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 40.80 and a beta of 0.35. The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $23.74 and a 200 day moving average price of $25.79. TWFG has a twelve month low of $16.56 and a twelve month high of $36.85.

TWFG (NASDAQ:TWFG) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. The company had revenue of $68.83 million for the quarter, compared to analysts’ expectations of $60.81 million. TWFG had a net margin of 3.11% and a return on equity of 13.72%. Research analysts forecast that TWFG will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TWFG. Fifth Third Bancorp boosted its holdings in TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after acquiring an additional 454 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in TWFG during the fourth quarter valued at about $68,000. Quantbot Technologies LP increased its stake in TWFG by 52.5% during the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after acquiring an additional 1,395 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in TWFG during the second quarter worth about $155,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of TWFG in the 3rd quarter worth about $142,000.

TWFG Company Profile

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.