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

TWFG (NASDAQ:TWFG) had its price objective decreased by research analysts at Morgan Stanley from $31.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 0.23% from the company’s previous close.

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

TWFG Stock Up 0.1 %

NASDAQ:TWFG opened at $29.93 on Tuesday. The company’s 50-day moving average is $30.22 and its two-hundred day moving average is $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. TWFG has a 1-year low of $21.31 and a 1-year high of $36.50.

Institutional Trading of TWFG

Several hedge funds have recently made changes to their positions in TWFG. Quantbot Technologies LP raised its stake in shares of TWFG by 57.8% in the fourth quarter. Quantbot Technologies LP now owns 5,407 shares of the company’s stock valued at $167,000 after acquiring an additional 1,981 shares in the last quarter. Tower Research Capital LLC TRC raised its position in TWFG by 273.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company’s stock valued at $100,000 after purchasing an additional 2,368 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of TWFG in the 4th quarter valued at about $86,000. LPL Financial LLC grew its position in shares of TWFG by 13.0% during the fourth quarter. LPL Financial LLC now owns 31,171 shares of the company’s stock worth $960,000 after buying an additional 3,585 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of TWFG by 56.4% during the fourth quarter. Sei Investments Co. now owns 13,157 shares of the company’s stock worth $405,000 after buying an additional 4,747 shares during the period.

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.