Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for TWFG (NASDAQ:TWFG) Stock

TWFG (NASDAQ:TWFG) had its price objective boosted by analysts at Keefe, Bruyette & Woods from $26.00 to $29.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 6.89% from the stock’s current price.

Other analysts have also issued research reports about the stock. Royal Bank Of Canada boosted their price target on shares of TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday. Piper Sandler boosted their target price on shares of TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Truist Financial set a $23.00 target price on TWFG in a research report on Monday, June 8th. Weiss Ratings raised TWFG from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 17th. Finally, Wall Street Zen cut TWFG from a “buy” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.86.

TWFG Stock Performance

TWFG stock traded down $0.32 during mid-day trading on Wednesday, hitting $27.13. The company had a trading volume of 30,157 shares, compared to its average volume of 218,741. The firm has a market cap of $1.47 billion, a PE ratio of 45.98 and a beta of 0.15. TWFG has a 12 month low of $16.56 and a 12 month high of $29.99. The stock’s fifty day moving average price is $24.55 and its two-hundred day moving average price is $21.52.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%.The business had revenue of $87.51 million for the quarter, compared to the consensus estimate of $77.34 million. Equities analysts anticipate that TWFG will post 0.98 earnings per share for the current year.

Insider Activity at TWFG

In related news, Director Michael Doak acquired 24,880 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $18.62 per share, for a total transaction of $463,265.60. Following the completion of the transaction, the director owned 668,398 shares in the company, valued at approximately $12,445,570.76. This trade represents a 3.87% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 160,852 shares of company stock worth $3,034,663 over the last ninety days. 68.44% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TWFG

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its holdings in shares of TWFG by 201.9% during the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after acquiring an additional 79,127 shares during the last quarter. Capital International Investors grew its position in TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after acquiring an additional 511,469 shares in the last quarter. Giverny Capital Inc. increased its stake in TWFG by 10.4% in the fourth quarter. Giverny Capital Inc. now owns 331,511 shares of the company’s stock valued at $9,538,000 after acquiring an additional 31,194 shares during the last quarter. Bank of America Corp DE increased its stake in TWFG by 26.7% in the first quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock valued at $995,000 after acquiring an additional 11,415 shares during the last quarter. Finally, Dockside LLC purchased a new stake in TWFG during the fourth quarter valued at about $460,000.

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.