Brokerages Set TWFG, Inc. (NASDAQ:TWFG) Price Target at $30.00

TWFG, Inc. (NASDAQ:TWFG) has earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $30.00.

TWFG has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on TWFG from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Zacks Research upgraded shares of TWFG from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. boosted their price objective on shares of TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Finally, Piper Sandler reduced their target price on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, February 23rd.

TWFG Price Performance

Shares of NASDAQ TWFG opened at $19.57 on Tuesday. The company has a fifty day moving average price of $23.01 and a 200 day moving average price of $25.57. The firm has a market cap of $1.10 billion, a PE ratio of 38.37 and a beta of 0.35. The company has a current ratio of 107.86, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01. TWFG has a 1-year low of $16.56 and a 1-year high of $36.85.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $70.26 million for the quarter, compared to analyst estimates of $60.81 million. TWFG had a return on equity of 13.51% and a net margin of 3.11%. Research analysts predict that TWFG will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TWFG

A number of large investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. grew its holdings in shares of TWFG by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock valued at $81,929,000 after acquiring an additional 26,742 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in TWFG during the fourth quarter worth about $337,000. Balyasny Asset Management L.P. bought a new stake in TWFG during the fourth quarter worth about $285,000. Schonfeld Strategic Advisors LLC boosted its position in TWFG by 92.7% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 26,848 shares of the company’s stock valued at $772,000 after purchasing an additional 12,912 shares during the last quarter. Finally, Gillson Capital LP boosted its position in TWFG by 14.6% during the fourth quarter. Gillson Capital LP now owns 169,065 shares of the company’s stock valued at $4,864,000 after purchasing an additional 21,565 shares during the last quarter.

TWFG Company Profile

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.