TWFG (NASDAQ:TWFG) Given New $22.00 Price Target at Piper Sandler

TWFG (NASDAQ:TWFG) had its price target decreased by analysts at Piper Sandler from $32.00 to $22.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 25.57% from the company’s current price.

A number of other equities research analysts have also commented on the stock. Morgan Stanley upped their price target on shares of TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Royal Bank Of Canada began coverage on TWFG in a report on Monday, November 24th. They set an “outperform” rating and a $33.00 price target on the stock. Zacks Research lowered TWFG from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. increased their price objective on TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.43.

TWFG Price Performance

Shares of TWFG stock opened at $17.52 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 101.35 and a quick ratio of 101.35. TWFG has a one year low of $16.56 and a one year high of $36.85. The business’s 50 day simple moving average is $25.62 and its two-hundred day simple moving average is $26.37. The stock has a market capitalization of $984.62 million, a P/E ratio of 39.82 and a beta of 0.11.

Hedge Funds Weigh In On TWFG

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp boosted its position in TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after acquiring an additional 454 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of TWFG by 7.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock worth $382,000 after acquiring an additional 970 shares during the period. Quantbot Technologies LP raised its position in shares of TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after acquiring an additional 1,395 shares in the last quarter. State of Wyoming lifted its stake in shares of TWFG by 42.0% in the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock valued at $182,000 after purchasing an additional 1,535 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of TWFG by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock valued at $950,000 after purchasing an additional 1,800 shares during the period.

TWFG Company Profile

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.