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 target price dropped by equities research analysts at Morgan Stanley from $35.00 to $32.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target would suggest a potential upside of 15.42% from the stock's current price.

Several other brokerages have also recently weighed in on TWFG. UBS Group boosted their price target on shares of TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Piper Sandler restated an "overweight" rating and set a $32.00 price target (down previously from $38.00) on shares of TWFG in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on TWFG from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, TWFG has an average rating of "Moderate Buy" and a consensus target price of $34.57.

TWFG Price Performance

TWFG traded down $0.76 during midday trading on Monday, hitting $27.73. 22,287 shares of the company traded hands, compared to its average volume of 95,129. The company has a market capitalization of $1.55 billion and a price-to-earnings ratio of 68.27. The business has a 50 day simple moving average of $32.48 and a two-hundred day simple moving average of $31.93. TWFG has a 52-week low of $24.08 and a 52-week high of $36.85. The company has a current ratio of 105.86, a quick ratio of 105.86 and a debt-to-equity ratio of 0.01.

Institutional Trading of TWFG

A number of institutional investors have recently bought and sold shares of the business. PDT Partners LLC increased its position in TWFG by 4.3% during the first quarter. PDT Partners LLC now owns 16,887 shares of the company's stock worth $522,000 after buying an additional 692 shares during the period. Quantbot Technologies LP raised its holdings in shares of TWFG by 52.5% in the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company's stock valued at $142,000 after buying an additional 1,395 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of TWFG by 273.8% in the fourth 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 during the period. Acadian Asset Management LLC lifted its holdings in shares of TWFG by 5.2% during the second quarter. Acadian Asset Management LLC now owns 71,738 shares of the company's stock worth $2,505,000 after purchasing an additional 3,527 shares during the period. Finally, LPL Financial LLC raised its position in TWFG by 13.0% during the 4th quarter. LPL Financial LLC now owns 31,171 shares of the company's stock worth $960,000 after buying an additional 3,585 shares during the last quarter.

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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