JPMorgan Chase & Co. Boosts TWFG (NASDAQ:TWFG) Price Target to $31.00

TWFG (NASDAQ:TWFG) had its target price boosted by equities researchers at JPMorgan Chase & Co. from $30.00 to $31.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 12.05% from the company’s current price.

Several other brokerages also recently issued reports on TWFG. Piper Sandler lowered their price objective on shares of TWFG from $38.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, August 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a report on Wednesday, October 8th. UBS Group dropped their price target on TWFG from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Finally, Morgan Stanley boosted their price target on TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.83.

TWFG Stock Up 2.8%

Shares of NASDAQ:TWFG traded up $0.77 during trading on Monday, hitting $27.67. 9,828 shares of the company’s stock traded hands, compared to its average volume of 106,312. 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 company has a 50-day moving average price of $25.93 and a 200-day moving average price of $29.94. TWFG has a 52 week low of $23.52 and a 52 week high of $36.85. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 62.58 and a beta of 0.26.

TWFG (NASDAQ:TWFG) last posted 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 analysts’ expectations of $64.15 million. TWFG had a return on equity of 8.74% and a net margin of 2.87%. TWFG has set its FY 2025 guidance at EPS. As a group, research analysts forecast that TWFG will post 0.57 EPS for the current fiscal year.

Institutional Trading of TWFG

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nuveen LLC bought a new stake in TWFG during the first quarter worth about $15,501,000. Central Securities Corp acquired a new position in shares of TWFG during the 3rd quarter worth approximately $12,348,000. T. Rowe Price Investment Management Inc. raised its stake in shares of TWFG by 28.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company’s stock worth $61,470,000 after purchasing an additional 434,997 shares in the last quarter. Riverbridge Partners LLC acquired a new stake in shares of TWFG in the 2nd quarter valued at approximately $12,049,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of TWFG in the 1st quarter valued at approximately $6,784,000.

TWFG Company Profile

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.