TWFG, Inc. (NASDAQ:TWFG) Stock Has Consensus Target Price of $29.29 According to Analysts

Shares of TWFG, Inc. (NASDAQ:TWFG) have earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $29.29.

TWFG has been the subject of a number of research reports. Zacks Research upgraded TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Piper Sandler upped their target price on TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. reduced their price target on shares of TWFG from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Royal Bank Of Canada increased their price target on shares of TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, UBS Group raised their price target on shares of TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, August 10th.

Institutional Investors Weigh In On TWFG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWFG. Giverny Capital Inc. boosted its stake in shares of TWFG by 18.2% during the 2nd quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock valued at $15,691,000 after buying an additional 100,345 shares during the period. Renaissance Technologies LLC increased its stake in shares of TWFG by 201.9% in the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after acquiring an additional 79,127 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of TWFG in the first quarter worth $1,243,000. Bank of America Corp DE increased its stake in shares of TWFG by 26.7% in the first quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock worth $995,000 after acquiring an additional 11,415 shares during the last quarter. Finally, Argent Capital Management LLC acquired a new position in shares of TWFG in the third quarter worth $983,000.

TWFG Stock Down 1.3%

TWFG opened at $28.29 on Wednesday. The stock has a fifty day moving average of $26.75 and a 200-day moving average of $23.80. The firm has a market capitalization of $1.53 billion, a P/E ratio of 47.95 and a beta of 0.28. TWFG has a 12-month low of $16.56 and a 12-month high of $31.30.

TWFG (NASDAQ:TWFG) last issued its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%. The business had revenue of $87.51 million during the quarter, compared to analysts’ expectations of $77.34 million. On average, analysts expect that TWFG will post 1.10 earnings per share for the current fiscal year.

TWFG Company Profile

TWFG, Inc (NASDAQ: TWFG) is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Through its agency network, the company provides access to personal and commercial property and casualty coverage, as well as life, health and other insurance solutions.

The company serves customers across the United States through a combination of retail insurance agencies and wholesale distribution operations. Its services include insurance placement, consultation and support, helping clients evaluate coverage options and manage their insurance needs.