TWFG (NASDAQ:TWFG) Coverage Initiated at Keefe, Bruyette & Woods

Equities research analysts at Keefe, Bruyette & Woods initiated coverage on shares of TWFG (NASDAQ:TWFG) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm set a “market perform” rating and a $27.00 price target on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 10.75% from the company’s current price.

A number of other research firms have also issued reports on TWFG. JPMorgan Chase & Co. began coverage on TWFG in a report on Monday. They issued an “overweight” rating and a $26.50 target price for the company. UBS Group initiated coverage on TWFG in a report on Monday. They set a “buy” rating and a $29.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.36.

TWFG Price Performance

Shares of NASDAQ:TWFG opened at $24.38 on Monday. TWFG has a one year low of $21.31 and a one year high of $26.15.

Insiders Place Their Bets

In related news, Director Janet S. Wong purchased 2,500 shares of TWFG stock in a transaction on Friday, July 19th. The stock was bought at an average price of $17.00 per share, with a total value of $42,500.00. Following the completion of the transaction, the director now directly owns 6,029 shares of the company’s stock, valued at $102,493. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other TWFG news, CEO Richard F. Bunch III acquired 17,550 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were acquired at an average cost of $17.00 per share, for a total transaction of $298,350.00. Following the completion of the purchase, the chief executive officer now owns 695,925 shares of the company’s stock, valued at approximately $11,830,725. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet S. Wong acquired 2,500 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was acquired at an average price of $17.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the director now directly owns 6,029 shares of the company’s stock, valued at approximately $102,493. The disclosure for this purchase can be found here. Insiders purchased 30,300 shares of company stock valued at $515,100 over the last quarter.

TWFG Company Profile

We are a leading, high-growth, independent distribution platform for personal and commercial insurance in the United States. We are pioneers in the insurance industry, developing an agency model built on innovation and experience with what we believe is a more flexible approach than traditional distribution models.