TWFG, Inc. (NASDAQ:TWFG) Stock Has Consensus Price Target of $29.29 According to Brokerages

Shares of TWFG, Inc. (NASDAQ:TWFG) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $29.29.

TWFG has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. UBS Group raised their price target on shares of TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Zacks Research upgraded shares of TWFG from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Morgan Stanley upgraded shares of TWFG from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $26.00 to $30.00 in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada boosted their price objective on shares of TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, August 7th.

TWFG Stock Performance

TWFG opened at $27.25 on Wednesday. The business has a fifty day moving average of $26.77 and a 200 day moving average of $23.19. TWFG has a 52-week low of $16.56 and a 52-week high of $31.30.

TWFG (NASDAQ:TWFG) last announced 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. The business had revenue of $87.51 million during the quarter, compared to the consensus estimate of $77.34 million. On average, analysts expect that TWFG will post 1.10 EPS for the current fiscal year.

Institutional Trading of TWFG

Several institutional investors and hedge funds have recently modified their holdings of TWFG. Argent Capital Management LLC purchased a new stake in shares of TWFG in the third quarter valued at approximately $983,000. Integrated Wealth Concepts LLC bought a new position in TWFG in the second quarter worth approximately $72,000. Giverny Capital Inc. grew its stake in TWFG by 18.2% in the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock worth $15,691,000 after purchasing an additional 100,345 shares in the last quarter. Blalock Williams LLC increased its holdings in TWFG by 14.9% during the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock worth $551,000 after purchasing an additional 2,978 shares during the period. Finally, Symphony Financial Ltd. Co. increased its holdings in TWFG by 153.7% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock worth $942,000 after purchasing an additional 23,682 shares during the period.

TWFG Company Profile

TWFG, Inc (NASDAQ: TWFG) is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Through its agency network, the company provides access to personal and commercial property and casualty coverage, as well as life, health and other insurance solutions.

The company serves customers across the United States through a combination of retail insurance agencies and wholesale distribution operations. Its services include insurance placement, consultation and support, helping clients evaluate coverage options and manage their insurance needs.