TWFG, Inc.’s (NASDAQ:TWFG) Lock-Up Period Will End on January 14th

TWFG’s (NASDAQ:TWFG) lock-up period will expire on Tuesday, January 14th. TWFG had issued 11,000,000 shares in its public offering on July 18th. The total size of the offering was $187,000,000 based on an initial share price of $17.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

TWFG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price target on shares of TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Royal Bank of Canada upped their target price on shares of TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. DOWLING & PARTN raised TWFG to a “hold” rating in a research note on Wednesday, September 11th. Piper Sandler raised their price objective on TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $33.00 target price (up previously from $30.00) on shares of TWFG in a research report on Friday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.86.

TWFG Trading Down 3.9 %

Shares of NASDAQ TWFG opened at $28.54 on Tuesday. The business has a 50 day simple moving average of $31.84. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $36.50. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02.

Institutional Trading of TWFG

A number of large investors have recently made changes to their positions in TWFG. FMR LLC bought a new stake in TWFG during the 3rd quarter valued at about $34,942,000. Lord Abbett & CO. LLC purchased a new position in shares of TWFG during the third quarter worth approximately $8,122,000. Seven Grand Managers LLC bought a new stake in shares of TWFG during the third quarter valued at approximately $814,000. Franklin Resources Inc. purchased a new stake in shares of TWFG in the third quarter valued at approximately $293,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in TWFG in the third quarter worth approximately $4,068,000.

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.