TWFG (NASDAQ:TWFG) Sets New 12-Month Low - Should You 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) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $23.68 and last traded at $23.79, with a volume of 155373 shares. The stock had previously closed at $24.57.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley cut their price objective on TWFG from $35.00 to $32.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. Piper Sandler cut their price objective on TWFG from $38.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, August 14th. Finally, UBS Group boosted their price target on TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $34.57.

TWFG Stock Down 0.6%

The company has a fifty day simple moving average of $28.27 and a 200-day simple moving average of $31.23. The firm has a market cap of $1.41 billion, a P/E ratio of 61.22 and a beta of 0.28. The company has a quick ratio of 105.86, a current ratio of 105.86 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On TWFG

Several large investors have recently made changes to their positions in TWFG. Nuveen LLC purchased a new position in shares of TWFG in the first quarter valued at about $15,501,000. T. Rowe Price Investment Management Inc. lifted its position in shares of 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 acquiring an additional 434,997 shares in the last quarter. Riverbridge Partners LLC purchased a new stake in shares of TWFG in the second quarter worth about $12,049,000. Victory Capital Management Inc. purchased a new stake in shares of TWFG in the first quarter worth about $6,784,000. Finally, Giverny Capital Inc. purchased a new stake in shares of TWFG in the second quarter worth about $6,225,000.

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.