TWFG (NASDAQ:TWFG) Shares Up 6.2% – What’s Next?

TWFG, Inc. (NASDAQ:TWFG)’s stock price shot up 6.2% during mid-day trading on Friday . The stock traded as high as $20.27 and last traded at $20.3950. 37,833 shares changed hands during trading, a decline of 77% from the average session volume of 167,817 shares. The stock had previously closed at $19.20.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TWFG. Morgan Stanley raised their price target on TWFG from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Royal Bank Of Canada initiated 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. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, November 17th. Finally, Piper Sandler reduced their price target on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.43.

TWFG Stock Performance

The company has a quick ratio of 101.35, a current ratio of 101.35 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $24.78 and a 200 day moving average price of $26.13. The stock has a market cap of $1.14 billion, a PE ratio of 39.63 and a beta of 0.10.

Institutional Investors Weigh In On TWFG

Several hedge funds have recently modified their holdings of the business. Capital International Investors increased its holdings in TWFG by 114.4% during the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after buying an additional 511,469 shares during the period. Central Securities Corp bought a new stake in TWFG during the 3rd quarter valued at $12,348,000. Riverbridge Partners LLC increased its holdings in shares of TWFG by 57.6% in the 3rd quarter. Riverbridge Partners LLC now owns 542,661 shares of the company’s stock valued at $14,891,000 after acquiring an additional 198,394 shares during the period. Giverny Capital Inc. bought a new position in shares of TWFG in the 2nd quarter worth $6,225,000. Finally, Lord Abbett & CO. LLC raised its position in shares of TWFG by 179.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock worth $7,358,000 after acquiring an additional 164,355 shares in the last quarter.

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.