TWFG (NASDAQ:TWFG) Price Target Raised to $28.00

TWFG (NASDAQ:TWFG) had its target price increased by analysts at JPMorgan Chase & Co. from $27.00 to $28.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 2.17% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. UBS Group lifted their price target on shares of TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Truist Financial set a $23.00 price objective on shares of TWFG in a report on Monday, June 8th. Weiss Ratings raised shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Piper Sandler lifted their target price on shares of TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods upped their target price on shares of TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.57.

TWFG Trading Up 2.3%

TWFG stock traded up $0.62 during mid-day trading on Wednesday, hitting $27.40. The stock had a trading volume of 103,983 shares, compared to its average volume of 216,454. The stock has a 50-day simple moving average of $25.25 and a two-hundred day simple moving average of $21.55. The stock has a market capitalization of $1.48 billion, a PE ratio of 46.50 and a beta of 0.15. TWFG has a 12 month low of $16.56 and a 12 month high of $29.99.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The firm had revenue of $87.51 million during the quarter, compared to analyst estimates of $77.34 million. TWFG had a return on equity of 19.49% and a net margin of 2.90%. Sell-side analysts expect that TWFG will post 1.04 earnings per share for the current fiscal year.

Insider Activity

In other TWFG news, Director Michael Doak purchased 7,865 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were bought at an average price of $19.45 per share, with a total value of $152,974.25. Following the completion of the transaction, the director directly owned 765,587 shares in the company, valued at $14,890,667.15. This trade represents a 1.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 145,107 shares of company stock valued at $2,738,814 in the last ninety days. 68.44% of the stock is owned by corporate insiders.

Institutional Trading of TWFG

A number of large investors have recently bought and sold shares of the business. Fifth Third Bancorp lifted its stake in TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after buying an additional 454 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in shares of TWFG during the fourth quarter worth $68,000. Quantbot Technologies LP raised its holdings in shares of 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 during the period. Russell Investments Group Ltd. acquired a new stake in shares of TWFG during the third quarter worth $142,000. Finally, State of Tennessee Department of Treasury bought a new stake in TWFG in the 2nd quarter valued at $155,000.

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.