TWFG (NASDAQ:TWFG) Price Target Raised to $37.00

TWFG (NASDAQ:TWFG) had its price target upped by Piper Sandler from $30.00 to $37.00 in a research note published on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued reports about the stock. BMO Capital Markets restated an “outperform” rating and issued a $30.00 target price on shares of TWFG in a research note on Wednesday, August 28th. DOWLING & PARTN upgraded shares of TWFG to a “hold” rating in a research note on Wednesday, September 11th. Keefe, Bruyette & Woods upped their target price on shares of TWFG from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upped their target price on shares of TWFG from $26.50 to $28.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Finally, Morgan Stanley initiated coverage on shares of TWFG in a research note on Monday, August 12th. They issued an “equal weight” rating and a $23.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, TWFG presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.29.

TWFG Trading Up 0.7 %

TWFG opened at $33.62 on Monday. The company has a quick ratio of 33.75, a current ratio of 33.76 and a debt-to-equity ratio of 0.68. TWFG has a 52-week low of $21.31 and a 52-week high of $36.50. The stock’s 50 day simple moving average is $29.31.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $11.15. The business had revenue of $53.27 million for the quarter, compared to analysts’ expectations of $51.86 million. On average, research analysts expect that TWFG will post 0.49 EPS for the current fiscal year.

Institutional Trading of TWFG

Institutional investors have recently added to or reduced their stakes in the stock. Emerald Mutual Fund Advisers Trust acquired a new stake in TWFG in the third quarter valued at $133,000. Symphony Financial Ltd. Co. acquired a new stake in TWFG in the third quarter valued at $310,000. Seven Grand Managers LLC acquired a new stake in TWFG in the third quarter valued at $814,000. Finally, Royce & Associates LP acquired a new stake in TWFG in the third quarter valued at $1,546,000.

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.