Royal Bank Of Canada Forecasts Strong Price Appreciation for TWFG (NASDAQ:TWFG) Stock

TWFG (NASDAQ:TWFG) had its target price hoisted by research analysts at Royal Bank Of Canada from $27.00 to $30.00 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 15.21% from the company’s current price.

TWFG has been the subject of several other reports. Piper Sandler cut their price objective on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. JPMorgan Chase & Co. decreased their target price on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. UBS Group lifted their price target on shares of TWFG from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Truist Financial set a $23.00 price objective on TWFG in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, TWFG has an average rating of “Moderate Buy” and a consensus target price of $25.43.

TWFG Price Performance

Shares of NASDAQ TWFG traded up $0.09 during mid-day trading on Monday, reaching $26.04. The company’s stock had a trading volume of 6,449 shares, compared to its average volume of 230,016. The stock has a 50-day moving average of $20.95 and a two-hundred day moving average of $21.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71. The stock has a market capitalization of $1.41 billion, a P/E ratio of 48.46 and a beta of 0.21. TWFG has a 1-year low of $16.56 and a 1-year high of $34.09.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The firm had revenue of $72.84 million for the quarter, compared to analyst estimates of $67.67 million. On average, equities research analysts anticipate that TWFG will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Doak bought 24,880 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average price of $18.62 per share, with a total value of $463,265.60. Following the completion of the transaction, the director directly owned 668,398 shares of the company’s stock, valued at $12,445,570.76. This represents a 3.87% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 160,852 shares of company stock valued at $3,034,663 over the last 90 days. Corporate insiders own 68.44% of the company’s stock.

Institutional Investors Weigh In On TWFG

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP boosted its position in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares during the period. Jane Street Group LLC purchased a new stake in TWFG in the second quarter valued at approximately $1,219,000. Bank of America Corp DE lifted its stake in TWFG by 287.2% during the second quarter. Bank of America Corp DE now owns 50,618 shares of the company’s stock worth $1,772,000 after purchasing an additional 37,546 shares in the last quarter. Bamco Inc. NY boosted its position in shares of TWFG by 3.9% during the second quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock worth $31,572,000 after buying an additional 34,237 shares during the period. Finally, Boothbay Fund Management LLC boosted its position in shares of TWFG by 225.5% during the second quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company’s stock worth $1,447,000 after buying an additional 28,634 shares during the period.

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.