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

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

Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $33.00 target price (up previously from $30.00) on shares of TWFG in a research note on Friday, January 3rd. Keefe, Bruyette & Woods upped their price objective on TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets lifted their target price on TWFG from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.14.

TWFG Price Performance

NASDAQ:TWFG traded down $1.25 during trading hours on Tuesday, reaching $29.30. 20,526 shares of the company’s stock were exchanged, compared to its average volume of 159,772. TWFG has a 1-year low of $21.31 and a 1-year 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 50-day moving average of $30.20 and a 200 day moving average of $30.22.

Institutional Investors Weigh In On TWFG

Hedge funds and other institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its stake in shares of TWFG by 36.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,553,674 shares of the company’s stock worth $47,854,000 after purchasing an additional 415,159 shares during the period. FMR LLC purchased a new stake in TWFG during the third quarter worth about $34,942,000. Alliancebernstein L.P. grew its position in TWFG by 7.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,011,222 shares of the company’s stock worth $31,146,000 after buying an additional 71,106 shares during the period. Capital International Investors increased its holdings in TWFG by 30.8% in the fourth 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 in the last quarter. Finally, Bamco Inc. NY lifted its position in shares of TWFG by 19.6% during the 4th quarter. Bamco Inc. NY now owns 871,661 shares of the company’s stock valued at $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.