TWFG (NASDAQ:TWFG) Price Target Cut to $30.00 by Analysts at Morgan Stanley

TWFG (NASDAQ:TWFG) had its price objective trimmed by Morgan Stanley from $31.00 to $30.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also commented on the company. Keefe, Bruyette & Woods upped their target price on TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. BMO Capital Markets upped their price objective on shares of TWFG from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $33.00 price objective (up from $30.00) on shares of TWFG in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, TWFG presently has an average rating of “Moderate Buy” and a consensus target price of $33.14.

TWFG Price Performance

Shares of TWFG opened at $29.91 on Tuesday. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $36.50. The stock has a fifty day moving average of $30.22 and a two-hundred day moving average of $30.22. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02.

Institutional Trading of TWFG

A number of institutional investors have recently modified their holdings of TWFG. FMR LLC acquired a new position in TWFG during the third quarter valued at approximately $34,942,000. Quantbot Technologies LP acquired a new position in shares of TWFG during the 3rd quarter valued at $93,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in TWFG during the 3rd quarter worth $4,068,000. Bamco Inc. NY acquired a new stake in TWFG in the 3rd quarter valued at $19,764,000. Finally, Maven Securities LTD purchased a new position in TWFG in the third quarter valued at about $280,000.

TWFG Company Profile

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.