Keefe, Bruyette & Woods Issues Positive Forecast for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its price objective raised by stock analysts at Keefe, Bruyette & Woods from $26.00 to $29.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 6.89% from the company’s current price.

TWFG has been the subject of several other research reports. JPMorgan Chase & Co. boosted their price objective on TWFG from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Weiss Ratings upgraded TWFG from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 17th. Royal Bank Of Canada lifted their price target on shares of TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group boosted their price target on shares of TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Monday. Finally, Morgan Stanley set a $26.00 price objective on shares of TWFG in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.86.

TWFG Stock Down 1.2%

NASDAQ:TWFG traded down $0.32 during trading hours on Wednesday, reaching $27.13. The company had a trading volume of 30,157 shares, compared to its average volume of 218,741. The business’s 50-day simple moving average is $24.55 and its two-hundred day simple moving average is $21.52. TWFG has a twelve month low of $16.56 and a twelve month high of $29.99. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 45.98 and a beta of 0.15.

TWFG (NASDAQ:TWFG) last issued its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%.The company had revenue of $87.51 million during the quarter, compared to the consensus estimate of $77.34 million. As a group, equities analysts predict that TWFG will post 0.98 earnings per share for the current year.

Insider Activity at TWFG

In other news, Director Michael Doak purchased 7,865 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $19.45 per share, with a total value of $152,974.25. Following the completion of the transaction, the director directly owned 765,587 shares of the company’s stock, valued at approximately $14,890,667.15. This trade represents a 1.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought a total of 160,852 shares of company stock valued at $3,034,663 in the last three months. Corporate insiders own 68.44% of the company’s stock.

Institutional Investors Weigh In On TWFG

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWFG. Capital International Investors grew its holdings in shares of TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after acquiring an additional 511,469 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in TWFG by 179.8% during the fourth quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock worth $7,358,000 after acquiring an additional 164,355 shares during the period. Victory Capital Management Inc. lifted its holdings in TWFG by 57.4% during the third quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock worth $9,645,000 after acquiring an additional 128,180 shares during the period. Giverny Capital Inc. boosted its position in TWFG by 68.9% in the third quarter. Giverny Capital Inc. now owns 300,317 shares of the company’s stock worth $8,241,000 after purchasing an additional 122,469 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in TWFG by 201.9% in the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock valued at $2,176,000 after purchasing an additional 79,127 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.