Piper Sandler Has Lowered Expectations for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its target price dropped by investment analysts at Piper Sandler from $32.00 to $22.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 25.57% from the stock’s current price.

TWFG has been the topic of several other research reports. JPMorgan Chase & Co. upped their price target on TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, November 17th. Morgan Stanley boosted their target price on TWFG from $30.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. Royal Bank Of Canada initiated coverage on TWFG in a research note on Monday, November 24th. They issued an “outperform” rating and a $33.00 target price on the stock. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Finally, Zacks Research cut shares of TWFG from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, TWFG has a consensus rating of “Hold” and an average price target of $31.43.

TWFG Price Performance

Shares of TWFG opened at $17.52 on Monday. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $36.85. The firm’s 50-day simple moving average is $25.62 and its two-hundred day simple moving average is $26.37. The stock has a market cap of $984.62 million, a PE ratio of 39.82 and a beta of 0.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 101.35 and a current ratio of 101.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. bought a new stake in TWFG in the 2nd quarter worth about $342,000. Acadian Asset Management LLC boosted its holdings in shares of TWFG by 5.2% during the 2nd quarter. Acadian Asset Management LLC now owns 71,738 shares of the company’s stock valued at $2,505,000 after acquiring an additional 3,527 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of TWFG in the second quarter worth approximately $521,000. Giverny Capital Inc. purchased a new position in shares of TWFG during the second quarter valued at approximately $6,225,000. Finally, Grandeur Peak Global Advisors LLC bought a new position in TWFG during the second quarter valued at approximately $2,809,000.

TWFG Company Profile

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.