JPMorgan Chase & Co. Reiterates Neutral Rating for TWFG (NASDAQ:TWFG)

TWFG (NASDAQ:TWFG)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a report issued on Friday, MarketBeat Ratings reports. They currently have a $33.00 target price on the stock, up from their previous target price of $30.00. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 10.00% from the company’s previous close.

A number of other analysts have also weighed in on TWFG. Keefe, Bruyette & Woods upped their target price on TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. DOWLING & PARTN raised shares of TWFG to a “hold” rating in a research report on Wednesday, September 11th. Piper Sandler raised their price target on shares of TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada increased their price objective on TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.86.

TWFG Stock Down 2.6 %

NASDAQ:TWFG opened at $30.00 on Friday. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $31.86. TWFG has a 1-year low of $21.31 and a 1-year high of $36.50.

Institutional Investors Weigh In On TWFG

Hedge funds have recently modified their holdings of the company. Seven Grand Managers LLC acquired a new position in shares of TWFG in the 3rd quarter worth approximately $814,000. Symphony Financial Ltd. Co. purchased a new position in shares of TWFG during the third quarter worth $310,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of TWFG in the third quarter valued at $133,000. Royce & Associates LP purchased a new stake in shares of TWFG in the 3rd quarter valued at $1,546,000. Finally, FMR LLC acquired a new position in TWFG in the 3rd quarter valued at about $34,942,000.

About TWFG

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.