TWFG (NASDAQ:TWFG - Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $33.00 to $32.00 in a research note issued to investors on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.
Several other research analysts have also weighed in on TWFG. Morgan Stanley dropped their price target on TWFG from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $33.00 price target (up from $30.00) on shares of TWFG in a research report on Friday, January 3rd. Finally, BMO Capital Markets raised their price target on shares of TWFG from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, TWFG presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.
View Our Latest Analysis on TWFG
TWFG Trading Up 2.8 %
NASDAQ:TWFG traded up $0.86 during trading hours on Wednesday, hitting $32.11. 37,033 shares of the stock traded hands, compared to its average volume of 157,377. The firm has a 50 day moving average price of $30.24 and a 200 day moving average price of $30.46. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $36.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61.
Hedge Funds Weigh In On TWFG
A number of institutional investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its position in TWFG by 36.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,553,674 shares of the company's stock worth $47,854,000 after acquiring an additional 415,159 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of TWFG during the 3rd quarter worth about $8,122,000. Capital International Investors boosted its stake in TWFG by 30.8% during the 4th quarter. Capital International Investors now owns 878,807 shares of the company's stock valued at $27,067,000 after purchasing an additional 206,969 shares during the period. Freestone Grove Partners LP bought a new position in TWFG in the 4th quarter worth approximately $5,931,000. Finally, Bamco Inc. NY lifted its holdings in shares of TWFG by 19.6% during the fourth quarter. Bamco Inc. NY now owns 871,661 shares of the company's stock worth $26,847,000 after buying an additional 142,913 shares during the last quarter.
About TWFG
(
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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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