TWFG (NASDAQ:TWFG) Stock Price Target Raised at Piper Sandler

TWFG (NASDAQ:TWFG) had its price objective lifted by investment analysts at Piper Sandler from $31.00 to $34.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler‘s price objective would suggest a potential upside of 12.29% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods boosted their price target on shares of TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. cut their price target on shares of TWFG from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. UBS Group boosted their target price on shares of TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Royal Bank Of Canada upped their price objective on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Zacks Research raised shares of TWFG from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $30.00.

TWFG Price Performance

Shares of NASDAQ TWFG traded up $0.70 during midday trading on Thursday, hitting $30.28. The stock had a trading volume of 150,553 shares, compared to its average volume of 204,377. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $31.42. The company’s 50-day simple moving average is $26.68 and its 200 day simple moving average is $23.22. The firm has a market cap of $1.64 billion, a P/E ratio of 51.32 and a beta of 0.20.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $79.92 million during the quarter, compared to the consensus estimate of $79.48 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. Equities analysts expect that TWFG will post 1.10 EPS for the current fiscal year.

Hedge Funds Weigh In On TWFG

Institutional investors have recently added to or reduced their stakes in the stock. Argent Capital Management LLC acquired a new position in TWFG in the 3rd quarter worth about $983,000. Giverny Capital Inc. lifted its holdings in TWFG by 18.2% in the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock valued at $15,691,000 after buying an additional 100,345 shares during the period. Renaissance Technologies LLC grew its stake in TWFG by 201.9% during the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after purchasing an additional 79,127 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of TWFG during the 1st quarter valued at $1,243,000. Finally, Symphony Financial Ltd. Co. raised its holdings in shares of TWFG by 153.7% during the second quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock valued at $942,000 after purchasing an additional 23,682 shares during the period.

About TWFG

TWFG, Inc (NASDAQ: TWFG) is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Through its agency network, the company provides access to personal and commercial property and casualty coverage, as well as life, health and other insurance solutions.

The company serves customers across the United States through a combination of retail insurance agencies and wholesale distribution operations. Its services include insurance placement, consultation and support, helping clients evaluate coverage options and manage their insurance needs.