Morgan Stanley Cuts TWFG (NASDAQ:TWFG) Price Target to $30.00

Key Points

• Morgan Stanley has reduced its price target for TWFG from $32.00 to $30.00, maintaining an "equal weight" rating, suggesting a potential upside of 5.60% from the current stock price.
• Several analysts have varying ratings on TWFG, with four rating it as a Buy and one as a Sell, resulting in an average rating of "Hold" with a consensus price target of $34.29.
• TWFG's stock remained flat at $28.41, with recent trading volume below its average, and it has a market capitalization of $1.59 billion.

TWFG (NASDAQ:TWFG - Get Free Report) had its price objective reduced by investment analysts at Morgan Stanley from $32.00 to $30.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price would suggest a potential upside of 5.60% from the stock's current price.

TWFG has been the topic of several other reports. Weiss Ratings reissued a "sell (d)" rating on shares of TWFG in a research report on Saturday, September 27th. UBS Group raised their price target on shares of TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Piper Sandler reduced their target price on TWFG from $38.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, August 14th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TWFG presently has an average rating of "Hold" and a consensus price target of $34.29.

TWFG Price Performance

NASDAQ TWFG remained flat at $28.41 on Tuesday. The company's stock had a trading volume of 58,956 shares, compared to its average volume of 107,019. TWFG has a 12-month low of $23.52 and a 12-month high of $36.85. The company's fifty day moving average price is $27.15 and its 200 day moving average price is $31.00. The company has a quick ratio of 105.86, a current ratio of 105.86 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 69.29 and a beta of 0.31.

Institutional Investors Weigh In On TWFG

A number of institutional investors have recently added to or reduced their stakes in TWFG. Nuveen LLC acquired a new stake in shares of TWFG in the 1st quarter valued at $15,501,000. T. Rowe Price Investment Management Inc. raised its position in TWFG by 28.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company's stock worth $61,470,000 after purchasing an additional 434,997 shares during the last quarter. Riverbridge Partners LLC acquired a new position in shares of TWFG during the second quarter valued at $12,049,000. Victory Capital Management Inc. acquired a new position in TWFG during the 1st quarter valued at about $6,784,000. Finally, Giverny Capital Inc. bought a new position in TWFG in the second quarter valued at approximately $6,225,000.

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.

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