TWFG, Inc. (NASDAQ:TWFG) Receives Average Recommendation of “Moderate Buy” from Brokerages

TWFG, Inc. (NASDAQ:TWFG) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $30.43.

A number of equities analysts have commented on TWFG shares. Keefe, Bruyette & Woods lifted their target price on TWFG from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. UBS Group initiated coverage on TWFG in a research report on Monday, August 12th. They issued a “buy” rating and a $29.00 target price on the stock. Royal Bank of Canada boosted their price target on shares of TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Piper Sandler upped their price target on shares of TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $30.00 price objective on shares of TWFG in a research report on Wednesday, August 28th.

TWFG Stock Up 1.1 %

TWFG stock opened at $33.71 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61. TWFG has a 12 month low of $21.31 and a 12 month high of $36.50. The stock has a fifty day simple moving average of $30.33.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $14.89 EPS for the quarter, beating the consensus estimate of $3.74 by $11.15. The business had revenue of $53.27 million during the quarter, compared to analyst estimates of $51.86 million. As a group, sell-side analysts expect that TWFG will post 0.58 EPS for the current year.

Institutional Trading of TWFG

A number of institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in shares of TWFG during the third quarter valued at approximately $93,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of TWFG during the 3rd quarter valued at $133,000. Maven Securities LTD bought a new stake in shares of TWFG in the 3rd quarter worth $280,000. Symphony Financial Ltd. Co. acquired a new stake in shares of TWFG in the third quarter valued at $310,000. Finally, Seven Grand Managers LLC bought a new position in TWFG during the third quarter valued at about $814,000.

About TWFG

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers’ compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.