Morgan Stanley Issues Pessimistic Forecast for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its price objective decreased by research analysts at Morgan Stanley from $31.00 to $28.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 42.71% from the company’s previous close.

Several other brokerages have also weighed in on TWFG. Zacks Research lowered TWFG from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price objective on TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Royal Bank Of Canada started coverage on TWFG in a research report on Monday, November 24th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, Piper Sandler decreased their price target on TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.83.

TWFG Stock Performance

Shares of NASDAQ:TWFG traded down $0.26 during trading on Thursday, reaching $19.62. 112,142 shares of the company’s stock traded hands, compared to its average volume of 178,239. The stock has a market capitalization of $1.10 billion, a P/E ratio of 38.47 and a beta of 0.35. TWFG has a 12 month low of $16.56 and a 12 month high of $36.85. The company has a 50 day moving average of $24.09 and a 200-day moving average of $25.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 101.35 and a quick ratio of 101.35.

TWFG (NASDAQ:TWFG) last issued its earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm 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%. On average, equities analysts expect that TWFG will post 0.57 EPS for the current year.

Hedge Funds Weigh In On TWFG

A number of large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. purchased a new stake in shares of TWFG during the second quarter worth $342,000. Acadian Asset Management LLC lifted its position in shares of TWFG by 5.2% during the 2nd quarter. Acadian Asset Management LLC now owns 71,738 shares of the company’s stock worth $2,505,000 after purchasing an additional 3,527 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of TWFG in the second quarter valued at approximately $521,000. Giverny Capital Inc. acquired a new stake in TWFG in the 2nd quarter worth $6,225,000. Finally, Grandeur Peak Global Advisors LLC bought a new position in TWFG during the second quarter valued at about $2,809,000.

About TWFG

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.