TWFG (NASDAQ:TWFG) Price Target Raised to $29.00

TWFG (NASDAQ:TWFG) had its target price hoisted by Keefe, Bruyette & Woods from $26.00 to $29.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a market perform rating on the stock.

TWFG has been the topic of several other reports. Wall Street Zen cut shares of TWFG from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Royal Bank Of Canada increased their target price on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Zacks Research raised TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Truist Financial set a $23.00 price target on TWFG in a report on Monday, June 8th. Finally, Piper Sandler increased their price objective on TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, TWFG has an average rating of “Moderate Buy” and an average target price of $28.86.

TWFG Price Performance

Shares of TWFG opened at $26.77 on Wednesday. The company has a 50-day moving average of $25.00 and a two-hundred day moving average of $21.57. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 45.37 and a beta of 0.16. TWFG has a one year low of $16.56 and a one year high of $29.99.

TWFG (NASDAQ:TWFG) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. The business had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. Analysts anticipate that TWFG will post 0.98 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Michael Doak acquired 24,880 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were purchased at an average price of $18.62 per share, for a total transaction of $463,265.60. Following the completion of the acquisition, the director owned 668,398 shares of the company’s stock, valued at approximately $12,445,570.76. This represents a 3.87% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 160,852 shares of company stock valued at $3,034,663 in the last 90 days. Corporate insiders own 68.44% of the company’s stock.

Institutional Trading of TWFG

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in shares of TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 454 shares during the last quarter. Quadrant Capital Group LLC bought a new position in shares of TWFG during the 4th quarter valued at $68,000. Quantbot Technologies LP lifted its stake in shares of TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of TWFG in the 2nd quarter valued at $155,000. Finally, Russell Investments Group Ltd. bought a new stake in TWFG in the third quarter worth $142,000.

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.