TWFG (NASDAQ:TWFG) Reaches New 12-Month Low - Time to Sell?

Key Points

• TWFG, Inc. reached a new 52-week low of $23.68, reflecting a decline from its previous close of $24.57, with a trading volume of 155,373 shares.
• Recent analyst ratings show a mix of Downgrades, with Morgan Stanley cutting its target price to $32.00, while UBS increased its target to $42.00, indicating divided opinions on the stock's future performance.
• Several hedge funds have adjusted their stakes in TWFG, with T. Rowe Price increasing its holdings by 28.0%, suggesting confidence in the company's long-term potential despite recent stock performance.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $23.68 and last traded at $23.79, with a volume of 155373 shares trading hands. The stock had previously closed at $24.57.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TWFG. Morgan Stanley dropped their target price on shares of TWFG from $35.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. JPMorgan Chase & Co. increased their price objective on shares of TWFG from $33.00 to $34.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. UBS Group increased their price objective 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. Finally, Piper Sandler lowered their price objective on shares of TWFG from $38.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, August 14th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $34.57.

TWFG Price Performance

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 company has a market capitalization of $1.33 billion, a PE ratio of 58.03 and a beta of 0.28. The stock's 50 day simple moving average is $28.97 and its 200-day simple moving average is $31.41.

Hedge Funds Weigh In On TWFG

Several hedge funds have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. increased its stake in TWFG by 28.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company's stock valued at $61,470,000 after purchasing an additional 434,997 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of TWFG by 15.7% in the first quarter. Alliancebernstein L.P. now owns 1,170,377 shares of the company's stock valued at $36,176,000 after acquiring an additional 159,155 shares during the period. Bamco Inc. NY lifted its holdings in shares of TWFG by 3.9% during the second quarter. Bamco Inc. NY now owns 902,061 shares of the company's stock worth $31,572,000 after purchasing an additional 34,237 shares during the period. Vanguard Group Inc. lifted its holdings in shares of TWFG by 0.7% during the first quarter. Vanguard Group Inc. now owns 621,151 shares of the company's stock worth $19,200,000 after purchasing an additional 4,252 shares during the period. Finally, Nuveen LLC acquired a new stake in TWFG in the first quarter valued at $15,501,000.

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.

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