TWFG, Inc. (NASDAQ:TWFG) Stock Has Consensus Target Price of $29.29 According to Analysts

TWFG, Inc. (NASDAQ:TWFG) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $29.29.

A number of equities research analysts recently commented on TWFG shares. Morgan Stanley raised TWFG from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $26.00 to $30.00 in a research note on Wednesday, August 19th. Zacks Research raised shares of TWFG from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Weiss Ratings raised TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. UBS Group increased their price target on TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Keefe, Bruyette & Woods lifted their price objective 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.

TWFG Price Performance

TWFG stock opened at $28.29 on Wednesday. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $31.30. The stock has a market capitalization of $1.53 billion, a PE ratio of 47.95 and a beta of 0.28. The company has a 50 day moving average price of $26.75 and a 200 day moving average price of $23.83.

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, beating the consensus estimate 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 analysts’ expectations of $77.34 million. As a group, equities analysts expect that TWFG will post 1.10 earnings per share for the current fiscal year.

Institutional Trading of TWFG

Several hedge funds have recently added to or reduced their stakes in TWFG. Argent Capital Management LLC bought a new stake in shares of TWFG in the third quarter valued at approximately $983,000. Integrated Wealth Concepts LLC acquired a new position in shares of TWFG during the 2nd quarter worth $72,000. Giverny Capital Inc. lifted its position in shares of 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 buying an additional 100,345 shares during the last quarter. Blalock Williams LLC boosted its stake in shares of TWFG by 14.9% in the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock valued at $551,000 after purchasing an additional 2,978 shares in the last quarter. Finally, Symphony Financial Ltd. Co. boosted its position in TWFG by 153.7% in the second quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock valued at $942,000 after buying an additional 23,682 shares in the last quarter.

TWFG Company Profile

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.