TWFG (NASDAQ:TWFG) Receives Sell (D) Rating from Weiss Ratings

Key Points

• TWFG (NASDAQ:TWFG) has received a "sell (d)" rating from Weiss Ratings, reflecting negative sentiment from research analysts.
• Analysts from Morgan Stanley and Piper Sandler have recently lowered their price targets for TWFG, with current consensus target priced at $33.86.
• Institutional interest is shifting, with several hedge funds increasing their stakes in TWFG, notably BNP Paribas Financial Markets which raised its stake by 145.2%.

TWFG (NASDAQ:TWFG - Get Free Report)'s stock had its "sell (d)" rating restated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research firms have also commented on TWFG. Morgan Stanley dropped their price objective on shares of TWFG from $32.00 to $30.00 and set an "equal weight" rating for the company in a research note on Tuesday. Piper Sandler dropped their target price on TWFG from $38.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, August 14th. Finally, UBS Group dropped their target price on TWFG from $42.00 to $39.00 and set a "buy" rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $33.86.

TWFG Price Performance

TWFG traded down $0.69 during trading hours on Wednesday, hitting $27.50. The company's stock had a trading volume of 179,790 shares, compared to its average volume of 158,594. The business's 50-day moving average price is $27.05 and its 200-day moving average price is $30.95. TWFG has a 12 month low of $23.52 and a 12 month high of $36.85. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 67.07 and a beta of 0.31. 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 Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. State of Wyoming raised its stake in TWFG by 42.0% in the 2nd quarter. State of Wyoming now owns 5,188 shares of the company's stock valued at $182,000 after purchasing an additional 1,535 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of TWFG in the 2nd quarter worth $155,000. Man Group plc acquired a new stake in shares of TWFG in the 2nd quarter worth $223,000. BNP Paribas Financial Markets increased its stake in shares of TWFG by 145.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 18,353 shares of the company's stock worth $642,000 after acquiring an additional 10,869 shares during the last quarter. Finally, Boothbay Fund Management LLC increased its stake in shares of TWFG by 225.5% in the 2nd quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company's stock worth $1,447,000 after acquiring an additional 28,634 shares during the last quarter.

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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