TWFG (NASDAQ:TWFG) Stock Price Target Cut by JPMorgan Chase & Co.

TWFG (NASDAQ:TWFG) had its price target decreased by JPMorgan Chase & Co. from $28.00 to $26.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 8.16% from the company’s previous close.

A number of other equities analysts also recently commented on TWFG. Keefe, Bruyette & Woods boosted their target price on shares of TWFG from $26.00 to $29.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. Royal Bank Of Canada raised their price target on shares of TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Wall Street Zen raised shares of TWFG from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. UBS Group boosted their price objective on shares of TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Morgan Stanley raised shares of TWFG from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $26.00 to $30.00 in a research report on Wednesday, August 19th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.29.

TWFG Stock Up 0.1%

TWFG traded up $0.03 on Thursday, reaching $24.04. 12,755 shares of the company traded hands, compared to its average volume of 209,741. The company has a market cap of $1.30 billion, a P/E ratio of 40.69 and a beta of 0.18. The firm has a fifty day simple moving average of $27.39 and a two-hundred day simple moving average of $23.02. TWFG has a one year low of $16.56 and a one year high of $31.30.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%.The business had revenue of $87.51 million for the quarter, compared to the consensus estimate of $77.34 million. On average, equities analysts forecast that TWFG will post 1.09 earnings per share for the current year.

Institutional Investors Weigh In On TWFG

Several hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in TWFG during the second quarter worth approximately $72,000. Bank of New York Mellon Corp acquired a new position in shares of TWFG during the 2nd quarter worth approximately $327,000. Dockside LLC purchased a new position in shares of TWFG during the 4th quarter valued at approximately $460,000. Blalock Williams LLC lifted its position in shares of TWFG by 14.9% during the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock valued at $551,000 after buying an additional 2,978 shares in the last quarter. Finally, Symphony Financial Ltd. Co. grew its stake in TWFG by 153.7% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock valued at $942,000 after acquiring an additional 23,682 shares during the period.

TWFG Company Profile

TWFG, Inc is an independent insurance distribution company that operates through a network of retail insurance agencies, affiliated agents and franchise locations. The company helps individuals and businesses obtain coverage from a range of insurance carriers rather than underwriting policies itself.

Its offerings include personal insurance products such as homeowners, automobile, renters and other property and casualty coverage. TWFG also provides commercial insurance solutions for businesses, as well as access to life, health and related insurance products.