TWFG, Inc. (NASDAQ:TWFG) Receives $32.86 Consensus PT from Brokerages

TWFG, Inc. (NASDAQ:TWFG) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $32.8571.

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a report on Wednesday, October 8th. Piper Sandler dropped their price target on shares of TWFG from $38.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, August 14th. Royal Bank Of Canada began coverage on shares of TWFG in a report on Monday, November 24th. They issued an “outperform” rating and a $33.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Finally, Morgan Stanley increased their target price on TWFG from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th.

TWFG Trading Up 0.3%

NASDAQ:TWFG opened at $28.18 on Friday. TWFG has a 12 month low of $23.52 and a 12 month high of $36.85. The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $26.66 and its 200 day moving average is $29.55. The stock has a market capitalization of $1.58 billion, a PE ratio of 64.05 and a beta of 0.11.

TWFG (NASDAQ:TWFG) last released its earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $64.12 million during the quarter, compared to the consensus estimate of $64.15 million. TWFG had a return on equity of 8.74% and a net margin of 2.87%. Sell-side analysts expect that TWFG will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. State of Wyoming bought a new stake in shares of TWFG during the 1st quarter worth $113,000. Quantbot Technologies LP lifted its stake in TWFG by 52.5% during the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of TWFG in the 3rd quarter worth about $142,000. State of Tennessee Department of Treasury bought a new position in shares of TWFG during the 2nd quarter valued at about $155,000. Finally, Man Group plc purchased a new position in shares of TWFG during the 2nd quarter valued at about $223,000.

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.