TWFG (NASDAQ:TWFG) Given New $30.00 Price Target at Morgan Stanley

TWFG (NASDAQ:TWFG) had its price objective lowered by Morgan Stanley from $31.00 to $30.00 in a report released on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of TWFG from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods raised their target price on TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $33.00 price target (up from $30.00) on shares of TWFG in a report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.14.

TWFG Price Performance

Shares of TWFG opened at $30.49 on Tuesday. The stock’s 50-day moving average price is $30.22 and its two-hundred day moving average price is $30.22. TWFG has a 12 month low of $21.31 and a 12 month high of $36.50. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02.

Institutional Trading of TWFG

A number of hedge funds have recently bought and sold shares of TWFG. FMR LLC purchased a new stake in shares of TWFG during the 3rd quarter valued at $34,942,000. Quantbot Technologies LP purchased a new stake in TWFG during the third quarter worth about $93,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in TWFG in the third quarter worth about $4,068,000. Bamco Inc. NY purchased a new position in TWFG in the third quarter valued at about $19,764,000. Finally, Maven Securities LTD bought a new position in shares of TWFG during the 3rd quarter valued at approximately $280,000.

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.