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

Key Points

• Morgan Stanley has lowered its target price for TWFG from $35.00 to $32.00, maintaining an "equal weight" rating that suggests a 15.42% upside from the current price.
• Other brokerages, such as UBS and JPMorgan Chase, have recently adjusted their price targets for TWFG, with UBS increasing its target to $42.00 and JPMorgan raising it to $34.00.
• The stock is currently trading at $27.73, significantly lower than its 52-week high of $36.85, indicating ongoing volatility in its price performance.

TWFG (NASDAQ:TWFG - Get Free Report) had its price objective cut by investment analysts at Morgan Stanley from $35.00 to $32.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price target would indicate a potential upside of 8.81% from the stock's current price.

Several other research firms have also recently commented on TWFG. JPMorgan Chase & Co. raised their target price on shares of TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Piper Sandler dropped their target price on shares of TWFG from $38.00 to $32.00 and set an "overweight" rating for the company in a research report on Thursday, August 14th. Finally, UBS Group raised their target price on shares of TWFG from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.57.

TWFG Trading Up 4.1%

TWFG traded up $1.16 during trading on Monday, hitting $29.41. 191,404 shares of the stock traded hands, compared to its average volume of 162,668. The firm has a market capitalization of $1.65 billion and a P/E ratio of 71.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 105.86 and a quick ratio of 105.86. The firm has a 50-day moving average of $31.82 and a 200 day moving average of $31.86. TWFG has a 12-month low of $24.29 and a 12-month high of $36.85.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. TD Asset Management Inc lifted its position in TWFG by 25.2% during the 1st quarter. TD Asset Management Inc now owns 52,942 shares of the company's stock valued at $1,636,000 after acquiring an additional 10,666 shares during the period. Jane Street Group LLC purchased a new position in TWFG during the 4th quarter valued at about $351,000. JPMorgan Chase & Co. purchased a new position in TWFG during the 4th quarter valued at about $410,000. Jacobs Levy Equity Management Inc. purchased a new position in TWFG during the 4th quarter valued at about $688,000. Finally, Ascent Group LLC purchased a new position in TWFG during the 4th quarter valued at about $585,000.

About TWFG

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.