Brokerages Set TWFG, Inc. (NASDAQ:TWFG) Price Target at $33.00

Shares of TWFG, Inc. (NASDAQ:TWFG) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $33.00.

A number of research analysts have issued reports on TWFG shares. BMO Capital Markets boosted their price target on TWFG from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Morgan Stanley decreased their price target on TWFG from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods reduced their target price on TWFG from $33.00 to $32.00 and set a “market perform” rating for the company in a research note on Wednesday, April 9th.

TWFG Trading Down 0.6%

Shares of NASDAQ TWFG opened at $33.80 on Wednesday. The business’s 50 day moving average price is $31.29 and its 200 day moving average price is $31.03. TWFG has a 52 week low of $21.31 and a 52 week high of $36.50. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On TWFG

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of TWFG in the first quarter valued at about $15,501,000. T. Rowe Price Investment Management Inc. boosted its holdings in TWFG by 28.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company’s stock valued at $61,470,000 after purchasing an additional 434,997 shares during the last quarter. Victory Capital Management Inc. purchased a new position in TWFG in the first quarter valued at about $6,784,000. Capital International Investors boosted its holdings in TWFG by 30.8% in the fourth quarter. Capital International Investors now owns 878,807 shares of the company’s stock valued at $27,067,000 after purchasing an additional 206,969 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new position in TWFG in the fourth quarter valued at about $5,931,000.

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.