Brokerages Set TWFG, Inc. (NASDAQ:TWFG) Target Price at $27.86

TWFG, Inc. (NASDAQ:TWFG) has been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $27.86.

A number of brokerages have weighed in on TWFG. Piper Sandler began coverage on TWFG in a report on Monday, August 12th. They set an “overweight” rating and a $27.00 price target for the company. BMO Capital Markets reiterated an “outperform” rating and set a $30.00 price target on shares of TWFG in a report on Wednesday, August 28th. JPMorgan Chase & Co. increased their price target on TWFG from $26.50 to $28.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Royal Bank of Canada increased their price target on TWFG from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Finally, Keefe, Bruyette & Woods increased their price target on TWFG from $27.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th.

Hedge Funds Weigh In On TWFG

An institutional investor recently bought a new position in TWFG stock. Symphony Financial Ltd. Co. purchased a new stake in TWFG, Inc. (NASDAQ:TWFG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,049 shares of the company’s stock, valued at approximately $310,000. Symphony Financial Ltd. Co. owned approximately 0.08% of TWFG as of its most recent filing with the Securities and Exchange Commission.

TWFG Stock Up 3.7 %

Shares of NASDAQ:TWFG opened at $31.62 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 33.76 and a quick ratio of 33.75. TWFG has a 12-month low of $21.31 and a 12-month high of $32.06. The stock’s fifty day moving average is $28.08.

TWFG (NASDAQ:TWFG) last announced its earnings results 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. On average, analysts forecast that TWFG will post 0.49 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.