Morgan Stanley Has Lowered Expectations for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its price target reduced by investment analysts at Morgan Stanley from $24.00 to $21.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 15.86% from the stock’s current price.

Several other research firms also recently issued reports on TWFG. UBS Group reduced their price objective on TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. JPMorgan Chase & Co. lowered their price objective on TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a research report on Monday, May 4th. Keefe, Bruyette & Woods lowered their price target on shares of TWFG from $31.00 to $25.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Finally, Piper Sandler cut their price objective on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.00.

TWFG Stock Performance

TWFG stock opened at $18.13 on Thursday. The stock has a 50-day simple moving average of $18.91 and a 200 day simple moving average of $23.11. The stock has a market capitalization of $981.83 million, a price-to-earnings ratio of 33.56 and a beta of 0.46. 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.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The firm had revenue of $72.84 million for the quarter, compared to analyst estimates of $67.67 million. On average, research analysts anticipate that TWFG will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after purchasing an additional 454 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in shares of TWFG in the 4th quarter valued at $68,000. Quantbot Technologies LP increased its position 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 buying an additional 1,395 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in TWFG during the 2nd quarter worth $155,000. Finally, Russell Investments Group Ltd. bought a new position in TWFG during the third quarter worth about $142,000.

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.