Morgan Stanley Lowers TWFG (NASDAQ:TWFG) Price Target to $24.00

TWFG (NASDAQ:TWFG) had its price objective cut by research analysts at Morgan Stanley from $28.00 to $24.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 26.92% from the stock’s previous close.

A number of other brokerages have also recently weighed in on TWFG. Piper Sandler dropped their price target on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. UBS Group dropped their price target on shares of TWFG from $39.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. Zacks Research upgraded shares of TWFG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Wall Street Zen upgraded shares of TWFG from a “hold” rating to a “buy” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $28.17.

TWFG Price Performance

TWFG stock opened at $18.91 on Monday. TWFG has a 12-month low of $16.56 and a 12-month high of $36.85. The stock has a market cap of $1.06 billion, a P/E ratio of 37.08 and a beta of 0.57. The company has a 50-day moving average price of $20.09 and a 200 day moving average price of $24.64. The company has a current ratio of 107.86, a quick ratio of 107.86 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 earnings per share (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 13.51%. The firm had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $60.81 million. Sell-side analysts anticipate that TWFG will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its stake in shares of TWFG by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock valued at $81,929,000 after purchasing an additional 26,742 shares during the period. Capital International Investors boosted its stake in shares of TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after purchasing an additional 511,469 shares during the period. Bamco Inc. NY boosted its stake in shares of TWFG by 5.8% in the third quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock valued at $26,181,000 after purchasing an additional 52,067 shares during the period. Vanguard Group Inc. boosted its stake in shares of TWFG by 3.2% in the third quarter. Vanguard Group Inc. now owns 639,711 shares of the company’s stock valued at $17,554,000 after purchasing an additional 19,720 shares during the period. Finally, Riverbridge Partners LLC boosted its stake in shares of TWFG by 9.4% in the fourth quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock valued at $17,082,000 after purchasing an additional 51,083 shares during the period.

About TWFG

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.