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

TWFG (NASDAQ:TWFG) had its price objective dropped by equities researchers at Keefe, Bruyette & Woods from $33.00 to $32.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 14.67% from the company’s previous close.

TWFG has been the subject of a number of other reports. Morgan Stanley dropped their price target on shares of TWFG from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $33.00 target price (up previously from $30.00) on shares of TWFG in a research note on Friday, January 3rd. Finally, 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. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

TWFG Trading Up 0.6 %

Shares of NASDAQ TWFG traded up $0.16 during trading hours on Wednesday, hitting $27.91. 26,340 shares of the company traded hands, compared to its average volume of 157,871. The company’s 50 day moving average price is $30.18 and its 200 day moving average price is $30.38. TWFG has a 12 month low of $21.31 and a 12 month high of $36.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61.

Institutional Investors Weigh In On TWFG

Several hedge funds have recently made changes to their positions in TWFG. Venturi Wealth Management LLC purchased a new position in shares of TWFG during the fourth quarter valued at $86,000. Tower Research Capital LLC TRC increased its position in TWFG by 273.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company’s stock valued at $100,000 after purchasing an additional 2,368 shares during the period. Quantbot Technologies LP lifted its position in shares of TWFG by 57.8% in the 4th quarter. Quantbot Technologies LP now owns 5,407 shares of the company’s stock worth $167,000 after purchasing an additional 1,981 shares during the period. Janus Henderson Group PLC bought a new position in shares of TWFG during the fourth quarter valued at approximately $211,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in TWFG during the fourth quarter valued at approximately $244,000.

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.