Brokerages Set TWFG, Inc. (NASDAQ:TWFG) Price Target at $35.57

TWFG, Inc. (NASDAQ:TWFG) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $35.57.

A number of analysts have recently issued reports on TWFG shares. UBS Group lifted their price objective on shares of TWFG from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Morgan Stanley raised their target price on shares of TWFG from $29.00 to $34.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods decreased their target price on shares of TWFG from $33.00 to $32.00 and set a “market perform” rating for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of TWFG from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, May 19th.

Hedge Funds Weigh In On TWFG

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in TWFG by 273.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company’s stock worth $100,000 after purchasing an additional 2,368 shares during the period. State of Wyoming bought a new position in TWFG during the first quarter worth $113,000. Quantbot Technologies LP boosted its position in TWFG by 57.8% during the fourth quarter. Quantbot Technologies LP now owns 5,407 shares of the company’s stock worth $167,000 after purchasing an additional 1,981 shares during the period. Janus Henderson Group PLC bought a new position in TWFG during the fourth quarter worth $211,000. Finally, Walleye Capital LLC bought a new position in TWFG during the first quarter worth $263,000.

TWFG Price Performance

NASDAQ TWFG opened at $30.31 on Monday. The business has a 50 day simple moving average of $34.15 and a 200 day simple moving average of $32.02. TWFG has a 52-week low of $22.93 and a 52-week high of $36.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 124.50 and a current ratio of 124.50. The stock has a market cap of $1.70 billion and a price-to-earnings ratio of 2.81.

TWFG Company Profile

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.