TWFG (NASDAQ:TWFG) Coverage Initiated at Royal Bank of Canada

Stock analysts at Royal Bank of Canada started coverage on shares of TWFG (NASDAQ:TWFG) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $29.00 price target on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 18.95% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. UBS Group initiated coverage on shares of TWFG in a report on Monday. They issued a “buy” rating and a $29.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of TWFG in a report on Monday. They issued an “overweight” rating and a $26.50 price target on the stock. BMO Capital Markets initiated coverage on shares of TWFG in a report on Monday. They issued an “outperform” rating and a $30.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on shares of TWFG in a report on Monday. They issued a “market perform” rating and a $27.00 price target on the stock. Finally, Piper Sandler initiated coverage on shares of TWFG in a report on Monday. They issued an “overweight” rating and a $27.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.36.

TWFG Stock Down 0.2 %

TWFG opened at $24.38 on Monday. TWFG has a 1 year low of $21.31 and a 1 year high of $26.15.

Insider Buying and Selling

In other TWFG news, Director Janet S. Wong purchased 2,500 shares of the company’s stock in a transaction that occurred 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 purchase, the director now directly owns 6,029 shares of the company’s stock, valued at approximately $102,493. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Janet S. Wong acquired 2,500 shares of the firm’s stock in a transaction on 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 acquisition, the director now owns 6,029 shares in the company, valued at $102,493. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Katherine C. Nolan purchased 6,250 shares of TWFG stock in a transaction dated Friday, July 19th. The shares were bought at an average price of $17.00 per share, with a total value of $106,250.00. Following the completion of the acquisition, the chief operating officer now directly owns 94,485 shares of the company’s stock, valued at $1,606,245. The disclosure for this purchase can be found here. Insiders acquired 30,300 shares of company stock valued at $515,100 over the last quarter.

About TWFG

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.