TWFG (NASDAQ:TWFG) Stock Price Down 5.7% - Here's What Happened

Key Points

• TWFG, Inc. saw its stock price decrease by 5.7% during mid-day trading, with shares trading as low as $26.04 before closing at $25.87.
• Wall Street analysts have mixed outlooks, with UBS Group raising its target price to $42.00 while Morgan Stanley and Piper Sandler lowered their targets significantly.
• The company boasts a market cap of $1.49 billion and a consensus rating of "Moderate Buy" with a price target of $34.57.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report)'s share price fell 5.7% during mid-day trading on Wednesday . The stock traded as low as $26.04 and last traded at $25.87. 83,935 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 106,038 shares. The stock had previously closed at $27.44.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TWFG. UBS Group raised their target price on shares of TWFG from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Morgan Stanley cut their price target on shares of TWFG from $35.00 to $32.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Finally, Piper Sandler cut their price target on shares of TWFG from $38.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.57.

TWFG Trading Down 3.4%

The stock has a market cap of $1.49 billion, a P/E ratio of 64.66 and a beta of 0.29. 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's fifty day moving average price is $27.43 and its 200 day moving average price is $31.08.

Institutional Trading of TWFG

A number of hedge funds have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. boosted its holdings in shares of TWFG by 28.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company's stock valued at $61,470,000 after buying an additional 434,997 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of TWFG by 15.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,170,377 shares of the company's stock valued at $36,176,000 after buying an additional 159,155 shares in the last quarter. Bamco Inc. NY boosted its holdings in shares of TWFG by 3.9% during the 2nd quarter. Bamco Inc. NY now owns 902,061 shares of the company's stock valued at $31,572,000 after buying an additional 34,237 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of TWFG by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 621,151 shares of the company's stock valued at $19,200,000 after buying an additional 4,252 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of TWFG during the 1st quarter valued at $15,501,000.

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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