TWFG (NASDAQ:TWFG) Price Target Raised to $36.00

TWFG (NASDAQ:TWFG) had its price objective raised by UBS Group from $34.00 to $36.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on TWFG. Piper Sandler raised their target price on shares of TWFG from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Keefe, Bruyette & Woods upped their price target on shares of TWFG from $28.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, November 5th. Royal Bank Of Canada raised their price objective on shares of TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Finally, Wall Street Zen downgraded TWFG from a “buy” rating to a “hold” rating in a research report on Sunday, November 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.57.

TWFG Stock Down 1.1%

Shares of TWFG stock opened at $26.72 on Tuesday. TWFG has a 52-week low of $16.56 and a 52-week high of $31.42. The company’s 50-day simple moving average is $26.41 and its 200-day simple moving average is $23.26. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 24.34 and a beta of 0.20.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $79.92 million for the quarter, compared to analyst estimates of $79.48 million. TWFG had a return on equity of 23.41% and a net margin of 2.57%. Equities research analysts anticipate that TWFG will post 1.10 EPS for the current year.

Hedge Funds Weigh In On TWFG

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverbridge Partners LLC grew its stake in shares of TWFG by 4.5% during the third quarter. Riverbridge Partners LLC now owns 347,619 shares of the company’s stock valued at $8,346,000 after acquiring an additional 14,961 shares in the last quarter. Ascent Group LLC lifted its stake in shares of TWFG by 0.8% in the third quarter. Ascent Group LLC now owns 214,110 shares of the company’s stock worth $5,141,000 after acquiring an additional 1,800 shares in the last quarter. State of Wyoming acquired a new position in shares of TWFG in the third quarter worth about $182,000. Argent Capital Management LLC purchased a new position in TWFG in the third quarter valued at about $983,000. Finally, Integrated Wealth Concepts LLC purchased a new position in TWFG in the second quarter valued at about $72,000.

About TWFG

TWFG, Inc. is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Its offerings include personal and commercial property and casualty insurance, as well as life and health coverage. Founded in 2001 as The Woodlands Financial Group, the company operates through a network of retail insurance agencies and independent agents. TWFG serves customers across the United States. TWFG was founded by Richard “Ricky” McKenzie, who leads the company as chairman and chief executive officer.