Morgan Stanley Lowers TWFG (NASDAQ:TWFG) Price Target to $28.00

TWFG (NASDAQ:TWFG) had its target price cut by research analysts at Morgan Stanley from $31.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 42.71% from the company’s previous close.

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

TWFG Price Performance

Shares of TWFG traded down $0.26 during mid-day trading on Thursday, hitting $19.62. 112,142 shares of the company traded hands, compared to its average volume of 178,239. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 38.47 and a beta of 0.35. The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $24.09 and a 200 day moving average of $25.91. TWFG has a one year low of $16.56 and a one year high of $36.85.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $68.83 million for the quarter, compared to analyst estimates of $60.81 million. TWFG had a return on equity of 13.72% and a net margin of 3.11%. As a group, equities analysts expect that TWFG will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TWFG

A number of large investors have recently modified their holdings of 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 worth $26,000 after buying an additional 454 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in TWFG during the fourth quarter worth about $68,000. Quantbot Technologies LP boosted its stake in shares of 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 Tennessee Department of Treasury bought a new stake in shares of TWFG during the 2nd quarter valued at approximately $155,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of TWFG during the 3rd quarter valued at approximately $142,000.

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.