TWFG (NASDAQ:TWFG) Given New $28.00 Price Target at JPMorgan Chase & Co.

TWFG (NASDAQ:TWFG) had its target price upped by JPMorgan Chase & Co. from $26.50 to $28.00 in a research report released on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada lifted their price objective on shares of TWFG from $29.00 to $30.00 and gave the stock an outperform rating in a report on Thursday. William Blair started coverage on shares of TWFG in a report on Wednesday, August 21st. They set an outperform rating on the stock. UBS Group assumed coverage on shares of TWFG in a research note on Monday, August 12th. They issued a buy rating and a $29.00 price objective for the company. Piper Sandler initiated coverage on TWFG in a research note on Monday, August 12th. They issued an overweight rating and a $27.00 target price on the stock. Finally, Morgan Stanley began coverage on TWFG in a report on Monday, August 12th. They issued an equal weight rating and a $23.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $27.71.

TWFG Stock Up 4.9 %

TWFG opened at $28.67 on Friday. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $28.98.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 EPS for the quarter, topping the consensus estimate of $3.74 by $11.15. The company had revenue of $53.27 million during the quarter, compared to analysts’ expectations of $51.86 million. On average, analysts anticipate that TWFG will post 0.52 earnings per share for the current year.

Insider Activity at TWFG

In other TWFG news, Director Janet S. Wong purchased 2,500 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the director now directly owns 6,029 shares of the company’s stock, valued at $102,493. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Janet S. Wong purchased 2,500 shares of TWFG stock in a transaction dated Friday, July 19th. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the director now directly owns 6,029 shares of the company’s stock, valued at approximately $102,493. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Janice E. Zwinggi acquired 3,000 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average price of $17.00 per share, for a total transaction of $51,000.00. Following the transaction, the chief financial officer now owns 61,823 shares of the company’s stock, valued at $1,050,991. The disclosure for this purchase can be found here. Insiders bought 30,300 shares of company stock valued at $515,100 over the last 90 days.

TWFG Company Profile

We are a leading, high-growth, independent distribution platform for personal and commercial insurance in the United States. We are pioneers in the insurance industry, developing an agency model built on innovation and experience with what we believe is a more flexible approach than traditional distribution models.