TWFG, Inc. (NASDAQ:TWFG) Stock Has Average Price Target of $29.57

TWFG, Inc. (NASDAQ:TWFG) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $29.57.

A number of research firms recently weighed in on TWFG. Keefe, Bruyette & Woods boosted their target price on TWFG from $26.00 to $29.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. increased their target price on shares of TWFG from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Piper Sandler upped their target price on TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Truist Financial set a $23.00 price target on TWFG in a research note on Monday, June 8th. Finally, Morgan Stanley upgraded shares of TWFG from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $26.00 to $30.00 in a report on Wednesday, August 19th.

TWFG Price Performance

Shares of TWFG opened at $24.01 on Friday. The firm’s 50 day simple moving average is $27.39 and its 200 day simple moving average is $23.02. The company has a market capitalization of $1.30 billion, a P/E ratio of 40.69 and a beta of 0.18. TWFG has a 1-year low of $16.56 and a 1-year high of $31.30.

TWFG (NASDAQ:TWFG) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. TWFG had a net margin of 2.90% and a return on equity of 19.49%. The business had revenue of $87.51 million during the quarter, compared to analysts’ expectations of $77.34 million. On average, equities analysts anticipate that TWFG will post 1.09 earnings per share for the current year.

Institutional Investors Weigh In On TWFG

Several hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of TWFG in the 2nd quarter worth about $72,000. Bank of New York Mellon Corp bought a new position in TWFG during the second quarter valued at approximately $327,000. Dockside LLC bought a new stake in shares of TWFG in the fourth quarter worth $460,000. Blalock Williams LLC boosted its holdings in shares of TWFG by 14.9% in the second quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock worth $551,000 after buying an additional 2,978 shares during the last quarter. Finally, Symphony Financial Ltd. Co. grew its position in shares of TWFG by 153.7% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock valued at $942,000 after acquiring an additional 23,682 shares during the period.

TWFG Company Profile

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

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