Morgan Stanley Has Lowered Expectations for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its price target reduced by Morgan Stanley from $31.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 34.55% from the company’s current price.

TWFG has been the subject of several other research reports. Zacks Research downgraded shares of TWFG from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada began coverage on shares of TWFG in a research note on Monday, November 24th. They issued an “outperform” rating and a $33.00 target price for the company. Piper Sandler lowered their target price on TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. JPMorgan Chase & Co. lifted their price target on TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, November 17th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.83.

TWFG Price Performance

Shares of TWFG opened at $20.81 on Thursday. The stock has a 50 day simple moving average of $23.74 and a 200 day simple moving average of $25.82. TWFG has a 52-week low of $16.56 and a 52-week high of $36.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 101.35 and a current ratio of 101.35. The firm has a market capitalization of $1.17 billion, a PE ratio of 40.80 and a beta of 0.35.

TWFG (NASDAQ:TWFG) last announced its earnings results on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. TWFG had a net margin of 3.11% and a return on equity of 13.72%. The firm had revenue of $68.83 million for the quarter, compared to the consensus estimate of $60.81 million. Sell-side analysts predict that TWFG will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after purchasing an additional 454 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in TWFG during the 4th quarter worth about $68,000. Quantbot Technologies LP lifted its position in TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after buying an additional 1,395 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of TWFG during the 2nd quarter worth about $155,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of TWFG during the 3rd quarter worth about $142,000.

TWFG Company Profile

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.