TWFG (NASDAQ:TWFG) Stock Price Target Raised at UBS Group

TWFG (NASDAQ:TWFG) had its price objective lifted by stock analysts at UBS Group from $34.00 to $36.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group‘s price objective would indicate a potential upside of 32.96% from the company’s previous close.

TWFG has been the subject of several other research reports. Zacks Research upgraded shares of TWFG from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Morgan Stanley boosted their price objective on shares of TWFG from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings upgraded shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Royal Bank Of Canada increased their target price on shares of TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Piper Sandler lifted their price target on shares of TWFG from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.57.

TWFG Stock Performance

NASDAQ:TWFG traded up $0.29 during trading hours on Tuesday, hitting $27.08. The company’s stock had a trading volume of 112,020 shares, compared to its average volume of 205,848. TWFG has a 52-week low of $16.56 and a 52-week high of $31.42. The business’s 50-day moving average is $26.55 and its two-hundred day moving average is $23.25. The company has a market capitalization of $1.46 billion, a PE ratio of 47.61 and a beta of 0.20.

TWFG (NASDAQ:TWFG) last issued its earnings results on Wednesday, November 4th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. TWFG had a net margin of 2.57% and a return on equity of 23.10%. The company had revenue of $79.92 million for the quarter, compared to analyst estimates of $79.48 million. As a group, analysts predict that TWFG will post 1.10 EPS for the current fiscal year.

Institutional Trading of TWFG

Several large investors have recently bought and sold shares of the company. Riverbridge Partners LLC increased its position in shares of TWFG by 4.5% in the third quarter. Riverbridge Partners LLC now owns 347,619 shares of the company’s stock valued at $8,346,000 after buying an additional 14,961 shares in the last quarter. Ascent Group LLC grew its stake in TWFG by 0.8% in the 3rd quarter. Ascent Group LLC now owns 214,110 shares of the company’s stock valued at $5,141,000 after acquiring an additional 1,800 shares during the last quarter. State of Wyoming purchased a new position in TWFG during the 3rd quarter valued at about $182,000. Argent Capital Management LLC purchased a new position in TWFG during the 3rd quarter valued at about $983,000. Finally, Integrated Wealth Concepts LLC purchased a new position in TWFG during the 2nd quarter valued at about $72,000.

About TWFG

TWFG, Inc. is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Its offerings include personal and commercial property and casualty insurance, as well as life and health coverage. Founded in 2001 as The Woodlands Financial Group, the company operates through a network of retail insurance agencies and independent agents. TWFG serves customers across the United States. TWFG was founded by Richard “Ricky” McKenzie, who leads the company as chairman and chief executive officer.