TWFG, Inc. (NASDAQ:TWFG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of TWFG, Inc. (NASDAQ:TWFG) have been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $30.43.

A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. William Blair initiated coverage on TWFG in a report on Wednesday, August 21st. They set an “outperform” rating on the stock. Royal Bank of Canada upped their price objective on TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods raised their target price on TWFG from $27.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley initiated coverage on TWFG in a research report on Monday, August 12th. They issued an “equal weight” rating and a $23.00 price target on the stock.

Institutional Investors Weigh In On TWFG

A number of hedge funds have recently modified their holdings of TWFG. FMR LLC acquired a new position in TWFG in the 3rd quarter worth $34,942,000. Bamco Inc. NY acquired a new position in shares of TWFG during the third quarter worth about $19,764,000. Zimmer Partners LP bought a new position in shares of TWFG during the third quarter worth about $4,109,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TWFG in the 3rd quarter valued at approximately $4,068,000. Finally, Geode Capital Management LLC bought a new stake in TWFG in the 3rd quarter valued at approximately $3,699,000.

TWFG Trading Up 6.5 %

Shares of TWFG stock opened at $35.59 on Wednesday. TWFG has a 12 month low of $21.31 and a 12 month high of $36.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61. The stock’s 50 day simple moving average is $30.07.

TWFG (NASDAQ:TWFG) last posted 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 company had revenue of $53.27 million for the quarter, compared to the consensus estimate of $51.86 million. As a group, sell-side analysts expect that TWFG will post 0.58 EPS for the current fiscal year.

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.