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

Shares of TWFG, Inc. (NASDAQ:TWFG) have been given an average recommendation of “Hold” by the nine research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $32.8571.

TWFG has been the topic of several research analyst reports. Morgan Stanley raised their target price on shares of TWFG from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Zacks Research cut shares of TWFG from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Finally, Royal Bank Of Canada started coverage on TWFG in a research report on Monday, November 24th. They set an “outperform” rating and a $33.00 price target for the company.

Institutional Investors Weigh In On TWFG

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp grew its position in shares of TWFG by 102.7% during the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after buying an additional 454 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in shares of TWFG in the 4th quarter worth about $68,000. Quantbot Technologies LP increased its position in shares of TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in shares of TWFG during the second quarter worth about $155,000. Finally, Russell Investments Group Ltd. acquired a new position in TWFG in the third quarter worth about $142,000.

TWFG Price Performance

Shares of NASDAQ:TWFG opened at $18.36 on Friday. The company has a market cap of $1.03 billion, a P/E ratio of 41.73 and a beta of 0.11. The business has a fifty day simple moving average of $26.65 and a 200-day simple moving average of $26.78. TWFG has a 52 week low of $18.01 and a 52 week high of $36.85. The company has a quick ratio of 101.35, a current ratio of 101.35 and a debt-to-equity ratio of 0.01.

About TWFG

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.