Analysts Set TWFG, Inc. (NASDAQ:TWFG) Target Price at $32.86

Shares of TWFG, Inc. (NASDAQ:TWFG) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $32.8571.

A number of research firms have recently weighed in on TWFG. Morgan Stanley increased their target price on shares of TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. JPMorgan Chase & Co. raised their target price on TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Royal Bank Of Canada assumed coverage on TWFG in a research note on Monday, November 24th. They issued an “outperform” rating and a $33.00 target price on the stock. Zacks Research cut TWFG from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, UBS Group dropped their price objective on shares of TWFG from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th.

TWFG Stock Down 0.1%

TWFG stock opened at $25.85 on Monday. TWFG has a 1-year low of $23.52 and a 1-year high of $36.85. The stock has a market cap of $1.45 billion, a P/E ratio of 58.75 and a beta of 0.11. The stock’s fifty day simple moving average is $27.89 and its two-hundred day simple moving average is $27.72. The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG) last released its earnings results on Wednesday, November 12th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $64.12 million for the quarter, compared to analysts’ expectations of $64.15 million. TWFG had a return on equity of 8.74% and a net margin of 2.87%. Analysts expect that TWFG will post 0.57 EPS for the current year.

Institutional Investors Weigh In On TWFG

A number of hedge funds and other institutional investors have recently bought and sold shares of TWFG. Ascent Group LLC boosted its holdings in shares of TWFG by 13.3% in the fourth quarter. Ascent Group LLC now owns 102,402 shares of the company’s stock worth $2,946,000 after acquiring an additional 12,000 shares during the period. Riverbridge Partners LLC boosted its stake in TWFG by 9.4% in the 4th quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock worth $17,082,000 after purchasing an additional 51,083 shares during the period. Giverny Capital Inc. grew its holdings in TWFG by 68.9% during the 3rd quarter. Giverny Capital Inc. now owns 300,317 shares of the company’s stock valued at $8,241,000 after buying an additional 122,469 shares in the last quarter. Woodline Partners LP purchased a new position in TWFG during the 3rd quarter valued at about $1,592,000. Finally, Alyeska Investment Group L.P. increased its position in shares of TWFG by 2.0% during the third quarter. Alyeska Investment Group L.P. now owns 215,778 shares of the company’s stock valued at $5,921,000 after buying an additional 4,192 shares during the period.

TWFG Company Profile

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.