TWFG, Inc. (NASDAQ:TWFG) Stock Has Consensus Target Price of $29.57 According to Analysts

Shares of TWFG, Inc. (NASDAQ:TWFG) have been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $29.57.

TWFG has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their target price on TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Wall Street Zen upgraded TWFG from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. upped their price target on TWFG from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Finally, UBS Group increased their price objective on TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, August 10th.

Institutional Trading of TWFG

A number of hedge funds and other institutional investors have recently modified their holdings of TWFG. Renaissance Technologies LLC boosted its stake in TWFG by 201.9% during the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after acquiring an additional 79,127 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in TWFG in the first quarter worth about $1,243,000. Capital International Investors increased its stake in shares of TWFG by 114.4% during the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after purchasing an additional 511,469 shares in the last quarter. Giverny Capital Inc. lifted its holdings in shares of TWFG by 18.2% during the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock valued at $15,691,000 after purchasing an additional 100,345 shares during the last quarter. Finally, Symphony Financial Ltd. Co. lifted its holdings in shares of TWFG by 153.7% during the second quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock valued at $942,000 after purchasing an additional 23,682 shares during the last quarter.

TWFG Price Performance

Shares of NASDAQ TWFG opened at $24.16 on Friday. TWFG has a 1 year low of $16.56 and a 1 year high of $31.30. The company’s 50-day moving average is $27.47 and its 200 day moving average is $22.96. The stock has a market capitalization of $1.31 billion, a P/E ratio of 40.95 and a beta of 0.18.

TWFG (NASDAQ:TWFG) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $87.51 million during the quarter, compared to the consensus estimate of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. Research analysts anticipate that TWFG will post 1.09 earnings per share for the current year.

TWFG Company Profile

TWFG, Inc is an independent insurance distribution company that operates through a network of retail insurance agencies, affiliated agents and franchise locations. The company helps individuals and businesses obtain coverage from a range of insurance carriers rather than underwriting policies itself.

Its offerings include personal insurance products such as homeowners, automobile, renters and other property and casualty coverage. TWFG also provides commercial insurance solutions for businesses, as well as access to life, health and related insurance products.