TWFG (NASDAQ:TWFG) Hits New 12-Month High – Still a Buy?

TWFG, Inc. (NASDAQ:TWFG) reached a new 52-week high on Wednesday . The company traded as high as $34.34 and last traded at $34.34, with a volume of 1452 shares trading hands. The stock had previously closed at $32.58.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on TWFG from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. BMO Capital Markets reissued an “outperform” rating and issued a $30.00 price target on shares of TWFG in a report on Wednesday, August 28th. Piper Sandler assumed coverage on shares of TWFG in a research note on Monday, August 12th. They set an “overweight” rating and a $27.00 price objective on the stock. 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. Finally, Royal Bank of Canada increased their price target on shares of TWFG from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.86.

TWFG Trading Down 2.0 %

The business’s fifty day simple moving average is $29.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 33.75 and a current ratio of 33.76.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $14.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $11.15. The company had revenue of $53.27 million during the quarter, compared to analysts’ expectations of $51.86 million. As a group, equities research analysts predict that TWFG, Inc. will post 0.49 EPS for the current year.

Institutional Trading of TWFG

Institutional investors have recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust purchased a new position in TWFG in the 3rd quarter valued at $133,000. Symphony Financial Ltd. Co. acquired a new stake in shares of TWFG in the third quarter valued at about $310,000. Seven Grand Managers LLC purchased a new position in shares of TWFG in the third quarter worth about $814,000. Finally, Royce & Associates LP acquired a new position in TWFG during the third quarter worth about $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.