TWFG (NASDAQ:TWFG) Given New $24.00 Price Target at Morgan Stanley

TWFG (NASDAQ:TWFG) had its price target lowered by Morgan Stanley from $28.00 to $24.00 in a report published on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. UBS Group dropped their price objective on shares of TWFG from $39.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Piper Sandler dropped their price objective on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Wall Street Zen raised shares of TWFG from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Zacks Research raised shares of TWFG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $29.33.

TWFG Price Performance

Shares of NASDAQ:TWFG opened at $18.61 on Monday. TWFG has a twelve month low of $16.56 and a twelve month high of $36.85. The company’s 50 day moving average is $20.22 and its 200 day moving average is $24.69. The company has a current ratio of 107.86, a quick ratio of 107.86 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.05 billion, a PE ratio of 36.49 and a beta of 0.57.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $70.26 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 13.51%. On average, sell-side analysts forecast that TWFG will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp lifted its position in shares of TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after buying an additional 454 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in TWFG by 7.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock valued at $382,000 after purchasing an additional 970 shares in the last quarter. Quantbot Technologies LP lifted its holdings in TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares in the last quarter. State of Wyoming lifted its holdings in TWFG by 42.0% in the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock valued at $182,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in TWFG by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock valued at $950,000 after purchasing an additional 1,800 shares in the last quarter.

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.