TWFG (NASDAQ:TWFG) Stock Gets Price Target Boost from Morgan Stanley

Key Points

• Morgan Stanley raised its TWFG price target from $30 to $31 and maintained an Overweight rating, implying 14.5% upside from the prior close.
• Analyst sentiment is broadly positive: TWFG has a consensus “Moderate Buy” rating and a $30.29 consensus target, though recent ratings range from Buy to Hold.
• TWFG reported quarterly EPS of $0.28, beating the $0.26 consensus, and revenue of $79.92 million, above estimates of $79.48 million.

TWFG (NASDAQ:TWFG - Get Free Report) had its price target upped by investment analysts at Morgan Stanley from $30.00 to $31.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Morgan Stanley's price target would indicate a potential upside of 14.50% from the stock's previous close.

A number of other research analysts also recently issued reports on TWFG. Weiss Ratings raised shares of TWFG from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. UBS Group raised their target price on shares of TWFG from $30.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Royal Bank Of Canada lifted their target price on shares of TWFG from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Keefe, Bruyette & Woods upped their target price on TWFG from $28.00 to $30.00 and gave the stock a "market perform" rating in a report on Thursday, November 5th. Finally, JPMorgan Chase & Co. decreased their price objective on TWFG from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, TWFG has a consensus rating of "Moderate Buy" and a consensus target price of $30.29.

TWFG Price Performance

TWFG traded up $0.28 during midday trading on Tuesday, reaching $27.07. 63,464 shares of the company's stock traded hands, compared to its average volume of 205,668. TWFG has a 52 week low of $16.56 and a 52 week high of $31.42. The firm has a fifty day moving average of $26.55 and a two-hundred day moving average of $23.25. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 47.53 and a beta of 0.20.

TWFG (NASDAQ:TWFG - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.02. The firm had revenue of $79.92 million for the quarter, compared to analyst estimates of $79.48 million. TWFG had a return on equity of 23.10% and a net margin of 2.57%. Sell-side analysts forecast that TWFG will post 1.10 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new position in shares of TWFG in the 2nd quarter worth about $72,000. State of Wyoming purchased a new stake in TWFG during the 3rd quarter valued at about $182,000. Bank of New York Mellon Corp grew its position in TWFG by 20.1% during the 1st quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company's stock valued at $270,000 after purchasing an additional 2,459 shares during the last quarter. Blalock Williams LLC grew its position in TWFG by 14.9% during the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company's stock valued at $551,000 after purchasing an additional 2,978 shares during the last quarter. Finally, Symphony Financial Ltd. Co. increased its stake in TWFG by 153.7% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company's stock valued at $942,000 after purchasing an additional 23,682 shares in the last quarter.

TWFG Company Profile

TWFG, Inc. is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Its offerings include personal and commercial property and casualty insurance, as well as life and health coverage. Founded in 2001 as The Woodlands Financial Group, the company operates through a network of retail insurance agencies and independent agents. TWFG serves customers across the United States. TWFG was founded by Richard “Ricky” McKenzie, who leads the company as chairman and chief executive officer.

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