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

TWFG (NASDAQ:TWFG) had its target price increased by JPMorgan Chase & Co. from $27.00 to $28.00 in a report issued on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on TWFG. UBS Group upped their price target on shares of TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a report on Monday, August 10th. Royal Bank Of Canada boosted their target price on shares of TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Piper Sandler increased their target price on shares of TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Keefe, Bruyette & Woods raised 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. Four equities 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, TWFG presently has an average rating of “Moderate Buy” and a consensus target price of $29.57.

TWFG Stock Performance

TWFG opened at $28.96 on Wednesday. TWFG has a one year low of $16.56 and a one year high of $29.99. The stock’s fifty day moving average is $25.66 and its 200-day moving average is $21.65. The company has a market capitalization of $1.57 billion, a PE ratio of 49.08 and a beta of 0.16.

TWFG (NASDAQ:TWFG) last announced its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.12. The business had revenue of $87.51 million during the quarter, compared to analysts’ expectations of $77.34 million. TWFG had a return on equity of 19.49% and a net margin of 2.90%. On average, equities research analysts forecast that TWFG will post 1.06 EPS for the current fiscal year.

Insider Activity at TWFG

In related news, Director Michael Doak purchased 7,865 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $19.45 per share, for a total transaction of $152,974.25. Following the transaction, the director directly owned 765,587 shares of the company’s stock, valued at $14,890,667.15. This trade represents a 1.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired 116,569 shares of company stock worth $2,206,220 over the last three months. Corporate insiders own 68.44% of the company’s stock.

Institutional Trading of TWFG

Several institutional investors and hedge funds have recently bought and sold shares of TWFG. Fifth Third Bancorp boosted its holdings 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 buying an additional 454 shares during the period. Quadrant Capital Group LLC acquired a new stake in shares of TWFG during the fourth quarter valued at approximately $68,000. Quantbot Technologies LP lifted its position in shares of TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after acquiring an additional 1,395 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of TWFG in the 3rd quarter valued at approximately $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in TWFG in the 2nd quarter worth approximately $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.