TWFG (NASDAQ:TWFG) Sets New 1-Year Low - Here's What Happened

Key Points

• Shares of TWFG, Inc. hit a new 52-week low at $24.32, marking a significant drop from its previous close of $24.89.
• Analyst ratings are mixed, with UBS Group raising its target price to $42.00 while Morgan Stanley and Piper Sandler reduced their targets to $32.00.
• Institutional investors are showing interest, with notable increases in positions from firms like BNP Paribas and Boothbay Fund Management in the 2nd quarter.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $24.32 and last traded at $24.43, with a volume of 14428 shares traded. The stock had previously closed at $24.89.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TWFG. JPMorgan Chase & Co. boosted their price objective on shares of TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Piper Sandler decreased their target price on shares of TWFG from $38.00 to $32.00 and set an "overweight" rating for the company in a research note on Thursday, August 14th. Morgan Stanley decreased their target price on shares of TWFG from $35.00 to $32.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Finally, UBS Group upped their target price on shares of TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $34.57.

TWFG Stock Down 1.5%

The company has a current ratio of 105.86, a quick ratio of 105.86 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.38 billion, a P/E ratio of 59.93 and a beta of 0.28. The stock's 50 day simple moving average is $29.20 and its 200 day simple moving average is $31.44.

Institutional Trading of TWFG

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in TWFG during the 4th quarter valued at about $351,000. D. E. Shaw & Co. Inc. bought a new position in TWFG during the fourth quarter valued at approximately $282,000. Janus Henderson Group PLC bought a new position in shares of TWFG in the fourth quarter valued at approximately $211,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of TWFG in the fourth quarter worth $688,000. Finally, Millennium Management LLC acquired a new stake in TWFG during the fourth quarter worth $2,457,000.

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.