Morgan Stanley Lowers TWFG (NASDAQ:TWFG) Price Target to $32.00

TWFG (NASDAQ:TWFG) had its price target reduced by Morgan Stanley from $35.00 to $32.00 in a research report released on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research firms have also issued reports on TWFG. JPMorgan Chase & Co. lifted their price objective on TWFG from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. UBS Group increased their target price on TWFG from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, Piper Sandler reduced their target price on TWFG from $38.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, TWFG currently has a consensus rating of “Moderate Buy” and an average target price of $34.57.

TWFG Price Performance

NASDAQ:TWFG opened at $28.03 on Monday. The firm has a market capitalization of $1.57 billion and a price-to-earnings ratio of 68.37. TWFG has a 52-week low of $24.29 and a 52-week high of $36.85. The stock has a fifty day moving average of $32.08 and a 200 day moving average of $31.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 105.86 and a current ratio of 105.86.

Hedge Funds Weigh In On TWFG

Hedge funds and other institutional investors have recently modified their holdings of the company. PDT Partners LLC raised its stake in TWFG by 4.3% in the first quarter. PDT Partners LLC now owns 16,887 shares of the company’s stock worth $522,000 after buying an additional 692 shares in the last quarter. Quantbot Technologies LP raised its stake in TWFG by 52.5% in the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after buying an additional 1,395 shares in the last quarter. State of Wyoming raised its stake in TWFG by 42.0% in the second quarter. State of Wyoming now owns 5,188 shares of the company’s stock worth $182,000 after buying an additional 1,535 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in TWFG by 273.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company’s stock worth $100,000 after buying an additional 2,368 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in TWFG by 5.2% in the second quarter. Acadian Asset Management LLC now owns 71,738 shares of the company’s stock worth $2,505,000 after buying an additional 3,527 shares in the last quarter.

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.