TWFG (NASDAQ:TWFG - Get Free Report) had its target price cut by research analysts at Morgan Stanley from $31.00 to $30.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target would indicate a potential downside of 1.64% from the company's previous close.
Several other brokerages have also weighed in on TWFG. BMO Capital Markets upped their target price on 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 increased their price objective on TWFG from $28.00 to $33.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $33.00 target price (up from $30.00) on shares of TWFG in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, TWFG currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.14.
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TWFG Price Performance
Shares of NASDAQ TWFG traded up $0.01 during mid-day trading on Tuesday, reaching $30.50. The company had a trading volume of 122,648 shares, compared to its average volume of 159,980. TWFG has a twelve month low of $21.31 and a twelve month high of $36.50. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02. The stock's 50 day moving average is $30.22 and its 200-day moving average is $30.24.
Institutional Investors Weigh In On TWFG
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC acquired a new position in TWFG during the fourth quarter valued at approximately $86,000. Quantbot Technologies LP bought a new stake in shares of TWFG during the 3rd quarter worth $93,000. Tower Research Capital LLC TRC grew its stake in TWFG by 273.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock valued at $100,000 after buying an additional 2,368 shares during the last quarter. Janus Henderson Group PLC bought a new position in TWFG in the 4th quarter worth $211,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in TWFG during the 4th quarter worth $244,000.
TWFG Company Profile
(
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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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