TWFG, Inc. (NASDAQ:TWFG) Receives $33.29 Consensus PT from Brokerages

Shares of TWFG, Inc. (NASDAQ:TWFG) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $33.2857.

A number of equities research analysts have commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a report on Wednesday, October 8th. UBS Group cut their target price on TWFG from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Piper Sandler lowered their price target on TWFG from $38.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, August 14th. JPMorgan Chase & Co. cut their price objective on shares of TWFG from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Finally, Morgan Stanley lowered their target price on shares of TWFG from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Nuveen LLC bought a new position in TWFG during the first quarter valued at approximately $15,501,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of TWFG by 28.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company’s stock worth $61,470,000 after acquiring an additional 434,997 shares in the last quarter. Riverbridge Partners LLC bought a new position in shares of TWFG during the 2nd quarter valued at approximately $12,049,000. Victory Capital Management Inc. purchased a new position in shares of TWFG in the first quarter valued at $6,784,000. Finally, Giverny Capital Inc. bought a new stake in TWFG in the second quarter worth $6,225,000.

TWFG Trading Up 2.5%

TWFG stock opened at $25.36 on Wednesday. TWFG has a 12-month low of $23.52 and a 12-month high of $36.85. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 61.86 and a beta of 0.25. The firm has a 50 day moving average of $25.94 and a 200 day moving average of $30.17. The company has a current ratio of 105.86, a quick ratio of 105.86 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.15 earnings per share (EPS) for the quarter. TWFG had a net margin of 2.74% and a return on equity of 7.82%. The firm had revenue of $54.64 million during the quarter. TWFG has set its Q4 2024 guidance at EPS. FY 2024 guidance at EPS. As a group, research analysts predict that TWFG will post 0.57 earnings per share for the current 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.