TWFG (NASDAQ:TWFG) Stock Gets Price Target Increase from Morgan Stanley

TWFG (NASDAQ:TWFG) had its price target increased by equities researchers at Morgan Stanley from $30.00 to $31.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley‘s price objective suggests a potential upside of 14.50% from the stock’s previous close.

Several other research firms also recently commented on TWFG. Piper Sandler lifted their price objective on TWFG from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Royal Bank Of Canada upped their target price on shares of TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Wall Street Zen downgraded shares of TWFG from a “buy” rating to a “hold” rating in a report on Sunday, November 1st. Zacks Research raised shares of TWFG from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Finally, Weiss Ratings upgraded shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, TWFG has a consensus rating of “Moderate Buy” and a consensus target price of $30.29.

TWFG Trading Up 1.1%

TWFG traded up $0.28 during trading on Tuesday, hitting $27.07. 63,464 shares of the company’s stock traded hands, compared to its average volume of 205,668. The company’s 50 day simple moving average is $26.55 and its two-hundred day simple moving average is $23.25. TWFG has a 12-month low of $16.56 and a 12-month high of $31.42. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 47.53 and a beta of 0.20.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. The firm had revenue of $79.92 million during the quarter, compared to analysts’ expectations of $79.48 million. TWFG had a return on equity of 23.10% and a net margin of 2.57%. On average, equities analysts expect that TWFG will post 1.10 EPS for the current year.

Hedge Funds Weigh In On TWFG

A number of institutional investors and hedge funds have recently modified their holdings of the company. Giverny Capital Inc. grew its holdings in shares of TWFG by 18.2% in the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock worth $15,691,000 after acquiring an additional 100,345 shares during the period. Riverbridge Partners LLC lifted its holdings in TWFG by 4.5% in 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 during the period. Ascent Group LLC lifted its holdings in TWFG by 0.8% in the third quarter. Ascent Group LLC now owns 214,110 shares of the company’s stock valued at $5,141,000 after acquiring an additional 1,800 shares during the period. Renaissance Technologies LLC boosted its position in TWFG by 201.9% in the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after purchasing an additional 79,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in TWFG in the first quarter worth about $1,243,000.

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.