Keefe, Bruyette & Woods Issues Pessimistic Forecast for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its price objective reduced by research analysts at Keefe, Bruyette & Woods from $33.00 to $32.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 8.44% from the company’s previous close.

A number of other research firms also recently issued reports on TWFG. BMO Capital Markets lifted their price target on shares of TWFG from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Morgan Stanley reduced their price objective on TWFG from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $33.00 target price (up previously from $30.00) on shares of TWFG in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.00.

TWFG Price Performance

TWFG opened at $29.51 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61. TWFG has a 12 month low of $21.31 and a 12 month high of $36.50. The business has a 50 day simple moving average of $30.22 and a 200-day simple moving average of $30.41.

Hedge Funds Weigh In On TWFG

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

TWFG Company Profile

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.