TWFG, Inc. (NASDAQ:TWFG) Receives $30.00 Average Price Target from Brokerages

Shares of TWFG, Inc. (NASDAQ:TWFG) have been assigned an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.00.

A number of equities research analysts have issued reports on TWFG shares. JPMorgan Chase & Co. upped their target price on TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Zacks Research raised shares of TWFG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada began coverage on shares of TWFG in a research note on Monday, November 24th. They issued an “outperform” rating and a $33.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Finally, Piper Sandler lowered their target price on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd.

Institutional Investors Weigh In On TWFG

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp increased its stake in shares of TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 454 shares during the period. Quadrant Capital Group LLC acquired a new stake in TWFG in the 4th quarter valued at approximately $68,000. Quantbot Technologies LP increased its position in TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after buying an additional 1,395 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of TWFG during the second quarter worth approximately $155,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of TWFG during the third quarter worth approximately $142,000.

TWFG Price Performance

Shares of NASDAQ:TWFG opened at $20.01 on Tuesday. The stock has a market capitalization of $1.12 billion, a P/E ratio of 39.24 and a beta of 0.37. The business has a 50-day moving average of $22.68 and a two-hundred day moving average of $25.43. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $36.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 107.86 and a quick ratio of 107.86.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. TWFG had a return on equity of 13.51% and a net margin of 3.11%.The business had revenue of $70.26 million for the quarter, compared to analyst estimates of $60.81 million. On average, equities research analysts predict that TWFG will post 0.57 EPS for the current fiscal year.

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.