TWFG (NASDAQ:TWFG) Price Target Lowered to $22.00 at Piper Sandler

TWFG (NASDAQ:TWFG) had its price target reduced by equities researchers at Piper Sandler from $24.00 to $22.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 14.05% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Zacks Research upgraded TWFG from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. Morgan Stanley decreased their target price on TWFG from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. JPMorgan Chase & Co. lowered their price target on TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TWFG in a research report on Monday. Finally, UBS Group reduced their price objective on TWFG from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TWFG currently has a consensus rating of “Moderate Buy” and an average target price of $26.50.

TWFG Price Performance

NASDAQ:TWFG traded down $0.06 during trading hours on Friday, reaching $19.29. 177,987 shares of the company were exchanged, compared to its average volume of 229,343. The company has a current ratio of 107.86, a quick ratio of 107.86 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.08 billion, a PE ratio of 37.74 and a beta of 0.46. TWFG has a twelve month low of $16.56 and a twelve month high of $36.85. The stock’s 50-day moving average is $19.12 and its 200-day moving average is $23.55.

TWFG (NASDAQ:TWFG) last announced its earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. TWFG had a net margin of 3.11% and a return on equity of 13.51%. The business had revenue of $70.26 million for the quarter, compared to analyst estimates of $60.81 million. On average, sell-side analysts anticipate that TWFG will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TWFG

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Central Securities Corp acquired a new stake in shares of TWFG in the 3rd quarter worth $12,348,000. Bamco Inc. NY boosted its position in shares of TWFG by 5.8% during the 3rd quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock valued at $26,181,000 after acquiring an additional 52,067 shares during the last quarter. Riverbridge Partners LLC grew its holdings in shares of TWFG by 9.4% in the fourth quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock valued at $17,082,000 after purchasing an additional 51,083 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of TWFG by 145.2% in the second quarter. BNP Paribas Financial Markets now owns 18,353 shares of the company’s stock valued at $642,000 after purchasing an additional 10,869 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in TWFG during the fourth quarter worth about $468,000.

About TWFG

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.