Analysts Set TWFG, Inc. (NASDAQ:TWFG) Target Price at $33.29

Shares of TWFG, Inc. (NASDAQ:TWFG) have been given an average rating of “Hold” by the eight research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $33.2857.

A number of analysts recently weighed in on TWFG shares. Morgan Stanley reduced their price objective on shares of TWFG from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. JPMorgan Chase & Co. cut their target price on TWFG from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a report on Wednesday, October 8th. UBS Group decreased their price target on TWFG from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Finally, Piper Sandler cut their price objective on TWFG from $38.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, August 14th.

TWFG Stock Down 2.3%

Shares of TWFG opened at $26.20 on Friday. The company has a quick ratio of 105.86, a current ratio of 105.86 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $26.85 and a 200 day moving average of $30.89. The company has a market cap of $1.47 billion, a PE ratio of 63.90 and a beta of 0.31. TWFG has a 52-week low of $23.52 and a 52-week high of $36.85.

TWFG (NASDAQ:TWFG) last announced its earnings results on Monday, March 3rd. The company reported $0.15 earnings per share for the quarter. The business had revenue of $54.64 million for the quarter. TWFG had a net margin of 2.74% and a return on equity of 7.82%. TWFG has set its Q4 2024 guidance at EPS. FY 2024 guidance at EPS. On average, sell-side analysts expect that TWFG will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. State of Wyoming lifted its holdings in TWFG by 42.0% during the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock valued at $182,000 after buying an additional 1,535 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in TWFG in the 2nd quarter worth about $155,000. Man Group plc purchased a new position in shares of TWFG during the second quarter worth approximately $223,000. BNP Paribas Financial Markets raised its stake in shares of TWFG by 145.2% during the second quarter. BNP Paribas Financial Markets now owns 18,353 shares of the company’s stock valued at $642,000 after acquiring an additional 10,869 shares in the last quarter. Finally, Boothbay Fund Management LLC raised its stake in shares of TWFG by 225.5% during the second quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company’s stock valued at $1,447,000 after acquiring an additional 28,634 shares in the last quarter.

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.