Morgan Stanley Raises TWFG (NASDAQ:TWFG) Price Target to $34.00

TWFG (NASDAQ:TWFG) had its target price increased by Morgan Stanley from $29.00 to $34.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 0.79% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets raised their price target on TWFG from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price objective on shares of TWFG from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Monday. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of TWFG from $33.00 to $32.00 and set a “market perform” rating for the company in a report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.71.

TWFG Trading Up 1.4%

Shares of NASDAQ:TWFG traded up $0.47 during trading on Monday, reaching $34.27. The company’s stock had a trading volume of 15,951 shares, compared to its average volume of 149,628. The stock has a market capitalization of $1.92 billion and a PE ratio of 3.18. The firm’s 50 day simple moving average is $31.29 and its two-hundred day simple moving average is $31.01. TWFG has a 12 month low of $21.31 and a 12 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.

Institutional Investors Weigh In On TWFG

Several hedge funds have recently made changes to their positions in TWFG. Ascent Group LLC lifted its position in TWFG by 131.0% during the 1st quarter. Ascent Group LLC now owns 43,883 shares of the company’s stock worth $1,356,000 after acquiring an additional 24,887 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of TWFG by 15.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,170,377 shares of the company’s stock valued at $36,176,000 after acquiring an additional 159,155 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of TWFG by 15.5% during the 1st quarter. Alyeska Investment Group L.P. now owns 263,324 shares of the company’s stock worth $8,139,000 after purchasing an additional 35,357 shares during the period. PDT Partners LLC increased its position in TWFG by 4.3% in the 1st quarter. PDT Partners LLC now owns 16,887 shares of the company’s stock valued at $522,000 after acquiring an additional 692 shares during the period. Finally, State of Wyoming acquired a new position in shares of TWFG during the 1st quarter valued at $113,000.

About TWFG

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.