TWFG (NASDAQ:TWFG) Price Target Lowered to $32.00 at Keefe, Bruyette & Woods

TWFG (NASDAQ:TWFG) had its price target cut by Keefe, Bruyette & Woods from $33.00 to $32.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a market perform rating on the stock.

TWFG has been the topic of several other research reports. BMO Capital Markets upped their target price on shares of TWFG from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $33.00 target price (up previously from $30.00) on shares of TWFG in a research report on Friday, January 3rd. Finally, Morgan Stanley reduced their price target on shares of TWFG from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 25th. Four equities 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.00.

TWFG Price Performance

Shares of TWFG stock traded down $0.96 on Wednesday, hitting $29.25. The company’s stock had a trading volume of 26,340 shares, compared to its average volume of 157,825. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $30.23 and its 200-day moving average price is $30.39. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $36.50.

Institutional Investors Weigh In On TWFG

Several institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. lifted its position in TWFG by 36.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,553,674 shares of the company’s stock valued at $47,854,000 after purchasing an additional 415,159 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in TWFG during the 3rd quarter valued at approximately $8,122,000. Capital International Investors grew its holdings in shares of TWFG by 30.8% during the 4th quarter. Capital International Investors now owns 878,807 shares of the company’s stock worth $27,067,000 after acquiring an additional 206,969 shares during the period. Freestone Grove Partners LP bought a new stake in shares of TWFG in the 4th quarter worth approximately $5,931,000. Finally, Bamco Inc. NY increased 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 valued at $26,847,000 after acquiring an additional 142,913 shares in the last quarter.

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.