TWFG (NASDAQ:TWFG) Price Target Raised to $31.00

TWFG (NASDAQ:TWFG) had its price objective hoisted by Morgan Stanley from $30.00 to $31.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities analysts have also recently weighed in on TWFG. JPMorgan Chase & Co. cut their price objective on TWFG from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Wall Street Zen lowered TWFG from a “buy” rating to a “hold” rating in a report on Sunday, November 1st. UBS Group raised their target price on TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a report on Monday, August 10th. Weiss Ratings raised shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Finally, Keefe, Bruyette & Woods increased their price target on shares of TWFG from $28.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TWFG currently has an average rating of “Moderate Buy” and a consensus target price of $30.57.

TWFG Trading Down 1.1%

NASDAQ:TWFG opened at $26.72 on Tuesday. The firm has a market capitalization of $1.44 billion, a PE ratio of 24.34 and a beta of 0.20. TWFG has a 1 year low of $16.56 and a 1 year high of $31.42. The firm’s fifty day simple moving average is $26.41 and its 200 day simple moving average is $23.26.

TWFG (NASDAQ:TWFG) last released its earnings results on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. TWFG had a net margin of 2.57% and a return on equity of 23.41%. The firm had revenue of $79.92 million during the quarter, compared to analyst estimates of $79.48 million. As a group, analysts anticipate that TWFG will post 1.10 EPS for the current fiscal year.

Institutional Trading of TWFG

A number of institutional investors and hedge funds have recently modified their holdings of TWFG. Riverbridge Partners LLC increased its position in shares of TWFG by 4.5% during the third quarter. Riverbridge Partners LLC now owns 347,619 shares of the company’s stock valued at $8,346,000 after purchasing an additional 14,961 shares during the period. Ascent Group LLC lifted its position in TWFG by 0.8% in the third quarter. Ascent Group LLC now owns 214,110 shares of the company’s stock worth $5,141,000 after purchasing an additional 1,800 shares during the period. State of Wyoming bought a new position in TWFG in the third quarter worth $182,000. Argent Capital Management LLC acquired a new stake in TWFG during the third quarter worth $983,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in TWFG during the second quarter worth $72,000.

TWFG Company Profile

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.