TWFG (NASDAQ:TWFG) Price Target Lowered to $21.00 at Morgan Stanley

TWFG (NASDAQ:TWFG) had its target price dropped by analysts at Morgan Stanley from $24.00 to $21.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 15.86% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Piper Sandler reduced their price objective on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TWFG in a research report on Monday, May 4th. Wall Street Zen cut shares of TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, UBS Group cut their price target on shares of TWFG from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.00.

TWFG Trading Down 1.2%

TWFG stock opened at $18.13 on Thursday. The business has a 50 day moving average price of $18.91 and a two-hundred day moving average price of $23.11. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01. TWFG has a 12 month low of $16.56 and a 12 month high of $36.85. The stock has a market cap of $981.83 million, a price-to-earnings ratio of 33.56 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. The business had revenue of $72.84 million for the quarter, compared to analysts’ expectations of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. As a group, equities analysts forecast that TWFG will post 0.88 EPS for the current year.

Institutional Investors Weigh In On TWFG

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in 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 purchasing an additional 454 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of TWFG during the fourth quarter worth approximately $68,000. Quantbot Technologies LP raised its stake in shares of TWFG by 52.5% in the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after acquiring an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of TWFG in the third quarter valued at approximately $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of TWFG in the 2nd quarter worth approximately $155,000.

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.