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

by · The Markets Daily

Shares of TWFG, Inc. (NASDAQ:TWFG – Get Free Report) have received an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $32.8571.

Several equities research analysts have recently commented on the stock. Piper Sandler dropped their target price on shares of TWFG from $38.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, August 14th. UBS Group lowered their price objective on shares of TWFG from $42.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Morgan Stanley lifted their price objective on TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Royal Bank Of Canada started coverage on TWFG in a research report on Monday, November 24th. They issued an “outperform” rating and a $33.00 target price for the company. Finally, JPMorgan Chase & Co. raised their target price on TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, November 17th.

View Our Latest Research Report on TWFG

Institutional Trading of TWFG

Hedge funds have recently modified their holdings of the business. State of Wyoming purchased a new stake in shares of TWFG in the 1st quarter worth about $113,000. Quantbot Technologies LP boosted its stake in TWFG by 52.5% during the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after acquiring an additional 1,395 shares in the last quarter. State of Tennessee Department of Treasury bought a new stake in TWFG during the second quarter worth about $155,000. Russell Investments Group Ltd. purchased a new stake in TWFG in the third quarter worth about $142,000. Finally, Man Group plc bought a new position in shares of TWFG during the second quarter valued at approximately $223,000.

TWFG Price Performance

Shares of TWFG stock opened at $28.54 on Friday. TWFG has a 12-month low of $23.52 and a 12-month high of $36.85. The firm has a market cap of $1.60 billion, a PE ratio of 64.87 and a beta of 0.11. 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 company’s fifty day simple moving average is $26.74 and its two-hundred day simple moving average is $29.54.

TWFG (NASDAQ:TWFG – Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. TWFG had a return on equity of 8.74% and a net margin of 2.87%.The business had revenue of $64.12 million during the quarter, compared to analysts’ expectations of $64.15 million. As a group, equities analysts expect that TWFG will post 0.57 EPS for the current year.

About TWFG

(Get Free Report)

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers’ compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.

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