TWFG, Inc. (NASDAQ:TWFG) Stock Has Average Target Price of $29.57

Shares of TWFG, Inc. (NASDAQ:TWFG) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $29.29.

TWFG has been the subject of several research analyst reports. Royal Bank Of Canada increased their target price on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. UBS Group upped their price target on shares of TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a report on Monday, August 10th. Zacks Research cut shares of TWFG from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of TWFG from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday.

TWFG Stock Performance

NASDAQ:TWFG opened at $24.61 on Friday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 41.71 and a beta of 0.29. TWFG has a one year low of $16.56 and a one year high of $31.30. The business’s 50-day simple moving average is $27.33 and its 200 day simple moving average is $23.07.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%.The firm had revenue of $87.51 million during the quarter, compared to analyst estimates of $77.34 million. On average, equities research analysts predict that TWFG will post 1.09 EPS for the current year.

Institutional Investors Weigh In On TWFG

Institutional investors have recently modified their holdings of the stock. Capital International Investors grew its stake in TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after purchasing an additional 511,469 shares in the last quarter. Giverny Capital Inc. raised its stake in TWFG by 18.2% during the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock valued at $15,691,000 after buying an additional 100,345 shares in the last quarter. Central Securities Corp raised its stake in TWFG by 5.6% during the fourth quarter. Central Securities Corp now owns 475,000 shares of the company’s stock valued at $13,666,000 after buying an additional 25,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in TWFG by 201.9% during the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock valued at $2,176,000 after buying an additional 79,127 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in TWFG during the 1st quarter worth approximately $1,243,000.

TWFG Company Profile

TWFG, Inc is an independent insurance distribution company that operates through a network of agencies and affiliated producers. The company helps individuals and businesses obtain insurance coverage from a range of carriers rather than underwriting policies itself.

Its offerings include personal insurance products such as auto, homeowners, renters and other property and casualty coverage, as well as commercial insurance solutions for businesses. TWFG also provides access to life, health and related insurance products through its agency platform.

Founded in 2008, TWFG is headquartered in The Woodlands, Texas, and serves customers across the United States through its network of agency locations and insurance professionals.