TWFG (NASDAQ:TWFG) Price Target Raised to $34.00

TWFG (NASDAQ:TWFG) had its price target upped by Piper Sandler from $31.00 to $34.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler‘s target price would suggest a potential upside of 12.29% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Morgan Stanley raised TWFG from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $26.00 to $30.00 in a research report on Wednesday, August 19th. UBS Group upped their price target on TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Zacks Research upgraded TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Keefe, Bruyette & Woods upped their target price on TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings raised TWFG from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

TWFG Price Performance

Shares of NASDAQ:TWFG traded up $0.70 during mid-day trading on Thursday, reaching $30.28. 150,553 shares of the company were exchanged, compared to its average volume of 204,377. TWFG has a 1 year low of $16.56 and a 1 year high of $31.42. The firm’s 50-day simple moving average is $26.68 and its 200 day simple moving average is $23.22. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 51.32 and a beta of 0.20.

TWFG (NASDAQ:TWFG) last posted its earnings results on Wednesday, November 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. TWFG had a return on equity of 19.49% and a net margin of 2.90%. The firm had revenue of $79.92 million for the quarter, compared to analyst estimates of $79.48 million. On average, research analysts forecast that TWFG will post 1.10 earnings per share for the current fiscal year.

Institutional Trading of TWFG

Institutional investors have recently added to or reduced their stakes in the business. Ascent Group LLC grew its stake in TWFG by 0.8% during the 3rd quarter. Ascent Group LLC now owns 214,110 shares of the company’s stock worth $5,141,000 after buying an additional 1,800 shares during the last quarter. Bank of New York Mellon Corp increased its stake in TWFG by 20.1% in the 1st quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock worth $270,000 after purchasing an additional 2,459 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of TWFG in the second quarter valued at $72,000. Blalock Williams LLC boosted its stake in shares of TWFG by 14.9% during the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock valued at $551,000 after buying an additional 2,978 shares during the period. Finally, State of Wyoming acquired a new position in shares of TWFG during the 3rd quarter worth $182,000.

About TWFG

TWFG, Inc (NASDAQ: TWFG) is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Through its agency network, the company provides access to personal and commercial property and casualty coverage, as well as life, health and other insurance solutions.

The company serves customers across the United States through a combination of retail insurance agencies and wholesale distribution operations. Its services include insurance placement, consultation and support, helping clients evaluate coverage options and manage their insurance needs.