TWFG (NASDAQ:TWFG) Price Target Raised to $27.00

TWFG (NASDAQ:TWFG) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $24.00 to $27.00 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 1.83% from the company’s current price.

TWFG has been the subject of several other research reports. Wall Street Zen cut TWFG from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. Truist Financial set a $23.00 price objective on shares of TWFG in a report on Monday, June 8th. Royal Bank Of Canada upped their target price on shares of TWFG from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods lifted their price objective on TWFG from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TWFG currently has an average rating of “Moderate Buy” and a consensus price target of $25.86.

TWFG Stock Performance

NASDAQ:TWFG traded up $0.56 during mid-day trading on Monday, hitting $26.52. 14,486 shares of the company’s stock traded hands, compared to its average volume of 230,085. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 49.10 and a beta of 0.21. The firm has a 50 day moving average of $20.95 and a two-hundred day moving average of $21.63. The company has a current ratio of 94.71, a quick ratio of 94.71 and a debt-to-equity ratio of 0.01. TWFG has a 12 month low of $16.56 and a 12 month high of $34.09.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.09. TWFG had a return on equity of 15.96% and a net margin of 3.04%.The company had revenue of $72.84 million during the quarter, compared to analysts’ expectations of $67.67 million. On average, equities analysts forecast that TWFG will post 0.97 earnings per share for the current fiscal year.

Insider Buying and Selling at TWFG

In other news, Director Michael Doak acquired 7,865 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $19.45 per share, for a total transaction of $152,974.25. Following the completion of the acquisition, the director owned 765,587 shares in the company, valued at $14,890,667.15. This trade represents a 1.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have purchased 160,852 shares of company stock valued at $3,034,663. Company insiders own 68.44% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TWFG. Quantbot Technologies LP increased its stake in shares of TWFG by 52.5% during 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. Jane Street Group LLC acquired a new stake in TWFG during the second quarter worth approximately $1,219,000. Bank of America Corp DE boosted its holdings in shares of TWFG by 287.2% during the second quarter. Bank of America Corp DE now owns 50,618 shares of the company’s stock worth $1,772,000 after acquiring an additional 37,546 shares during the period. Bamco Inc. NY increased its stake in shares of TWFG by 3.9% during the second quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock worth $31,572,000 after purchasing an additional 34,237 shares during the period. Finally, Boothbay Fund Management LLC lifted its holdings in TWFG by 225.5% during the 2nd quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company’s stock worth $1,447,000 after purchasing an additional 28,634 shares during the last quarter.

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.