Royal Bank of Canada Issues Positive Forecast for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its price target hoisted by Royal Bank of Canada from $30.00 to $38.00 in a research report released on Thursday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on TWFG. Keefe, Bruyette & Woods increased their target price on TWFG from $27.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. UBS Group began coverage on TWFG in a research report on Monday, August 12th. They issued a “buy” rating and a $29.00 price objective for the company. DOWLING & PARTN raised TWFG to a “hold” rating in a research report on Wednesday, September 11th. Morgan Stanley began coverage on TWFG in a research report on Monday, August 12th. They issued an “equal weight” rating and a $23.00 price objective for the company. Finally, Piper Sandler raised their price objective on TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.43.

TWFG Stock Performance

TWFG opened at $31.14 on Thursday. The company has a current ratio of 122.61, a quick ratio of 33.75 and a debt-to-equity ratio of 0.02. The business’s fifty day moving average price is $29.53. TWFG has a 52 week low of $21.31 and a 52 week high of $36.50.

TWFG (NASDAQ:TWFG) last announced its earnings results on Tuesday, August 27th. The company reported $14.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $11.15. The company had revenue of $53.27 million for the quarter, compared to the consensus estimate of $51.86 million. On average, research analysts anticipate that TWFG will post 0.49 EPS for the current year.

Institutional Trading of TWFG

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in shares of TWFG in the third quarter worth about $93,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of TWFG in the third quarter worth about $133,000. Maven Securities LTD purchased a new stake in shares of TWFG in the third quarter worth about $280,000. Symphony Financial Ltd. Co. purchased a new stake in shares of TWFG in the third quarter worth about $310,000. Finally, Seven Grand Managers LLC purchased a new stake in shares of TWFG in the third quarter worth about $814,000.

About TWFG

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.