TWFG, Inc. (NASDAQ:TWFG) Receives Average Recommendation of “Moderate Buy” from Analysts

TWFG, Inc. (NASDAQ:TWFG) has received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $33.71.

A number of equities analysts have recently commented on TWFG shares. JPMorgan Chase & Co. lifted their target price on TWFG from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, May 19th. Morgan Stanley lifted their price objective on shares of TWFG from $29.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods cut their price objective on shares of TWFG from $33.00 to $32.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 9th. Finally, BMO Capital Markets raised their target price on shares of TWFG from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th.

TWFG Trading Down 2.3%

TWFG opened at $34.94 on Friday. The stock has a 50-day moving average of $33.32 and a 200 day moving average of $31.36. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02. TWFG has a 12 month low of $21.31 and a 12 month high of $36.85. The firm has a market cap of $1.96 billion and a P/E ratio of 3.24.

Institutional Trading of TWFG

Several institutional investors and hedge funds have recently made changes to their positions in TWFG. Acadian Asset Management LLC increased its stake in TWFG by 176.4% in the 1st quarter. Acadian Asset Management LLC now owns 68,211 shares of the company’s stock worth $2,105,000 after buying an additional 43,535 shares during the period. Ascent Group LLC grew its stake in TWFG by 131.0% in the 1st quarter. Ascent Group LLC now owns 43,883 shares of the company’s stock worth $1,356,000 after acquiring an additional 24,887 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of TWFG by 15.7% during the first quarter. Alliancebernstein L.P. now owns 1,170,377 shares of the company’s stock worth $36,176,000 after acquiring an additional 159,155 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of TWFG by 15.5% during the first quarter. Alyeska Investment Group L.P. now owns 263,324 shares of the company’s stock valued at $8,139,000 after acquiring an additional 35,357 shares in the last quarter. Finally, PDT Partners LLC boosted its holdings in shares of TWFG by 4.3% in the first quarter. PDT Partners LLC now owns 16,887 shares of the company’s stock valued at $522,000 after purchasing an additional 692 shares during the period.

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.