TWFG (NASDAQ:TWFG) Price Target Raised to $32.00

TWFG (NASDAQ:TWFG) had its target price boosted by BMO Capital Markets from $30.00 to $32.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on TWFG. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $33.00 price target (up from $30.00) on shares of TWFG in a research report on Friday, January 3rd. Piper Sandler lifted their price objective on TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Royal Bank of Canada increased their target price on TWFG from $30.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, Keefe, Bruyette & Woods raised their price target on TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.14.

TWFG Price Performance

Shares of NASDAQ TWFG opened at $30.76 on Tuesday. TWFG has a 1 year low of $21.31 and a 1 year high of $36.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61. The firm has a 50-day moving average of $29.94 and a 200 day moving average of $29.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TWFG. Geode Capital Management LLC bought a new stake in TWFG in the 3rd quarter worth about $3,699,000. FMR LLC purchased a new stake in shares of TWFG during the 3rd quarter valued at about $34,942,000. Lord Abbett & CO. LLC bought a new stake in shares of TWFG in the third quarter worth approximately $8,122,000. Y Intercept Hong Kong Ltd purchased a new position in shares of TWFG during the fourth quarter valued at approximately $244,000. Finally, Franklin Resources Inc. bought a new position in TWFG during the third quarter valued at approximately $293,000.

TWFG Company Profile

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers’ compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.