JPMorgan Chase & Co. Cuts TWFG (NASDAQ:TWFG) Price Target to $26.00

TWFG (NASDAQ:TWFG) had its target price reduced by JPMorgan Chase & Co. from $28.00 to $26.00 in a report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada boosted their price objective on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Keefe, Bruyette & Woods lifted their price target 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. Zacks Research downgraded shares of TWFG from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Wall Street Zen upgraded shares of TWFG from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, Piper Sandler upped their price objective on shares of TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.29.

TWFG Price Performance

TWFG stock opened at $24.61 on Thursday. The stock has a market capitalization of $1.33 billion, a PE ratio of 41.71 and a beta of 0.28. The company’s 50-day moving average is $27.33 and its 200-day moving average is $23.07. TWFG has a 1 year low of $16.56 and a 1 year high of $31.30.

TWFG (NASDAQ:TWFG) last issued its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $77.34 million. On average, analysts anticipate that TWFG will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in TWFG during the 2nd quarter valued at $72,000. Giverny Capital Inc. boosted its holdings in TWFG by 18.2% during the 2nd quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock worth $15,691,000 after acquiring an additional 100,345 shares during the last quarter. Blalock Williams LLC boosted its holdings in TWFG by 14.9% during the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock worth $551,000 after acquiring an additional 2,978 shares during the last quarter. Symphony Financial Ltd. Co. grew its stake in shares of TWFG by 153.7% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock worth $942,000 after acquiring an additional 23,682 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of TWFG in the 2nd quarter worth $327,000.

About TWFG

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

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

Founded in 2008, TWFG is headquartered in The Woodlands, Texas, and serves customers across the United States through its network of agency locations and insurance professionals.