TWFG (NASDAQ:TWFG) Price Target Cut to $22.00 by Analysts at Piper Sandler

TWFG (NASDAQ:TWFG) had its target price decreased by Piper Sandler from $32.00 to $22.00 in a research report released on Monday morning, Marketbeat reports. Piper Sandler currently has an overweight rating on the stock.

Several other research analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, November 17th. Royal Bank Of Canada initiated coverage on TWFG in a research report on Monday, November 24th. They set an “outperform” rating and a $33.00 target price for the company. Morgan Stanley raised their price target on TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Finally, Zacks Research lowered TWFG from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.43.

TWFG Price Performance

Shares of TWFG stock opened at $17.22 on Monday. TWFG has a 1 year low of $16.56 and a 1 year high of $36.85. The firm’s 50 day moving average is $25.39 and its 200-day moving average is $26.30. The firm has a market capitalization of $967.76 million, a price-to-earnings ratio of 39.14 and a beta of 0.11. The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. bought a new stake in TWFG in the second quarter valued at about $342,000. Acadian Asset Management LLC grew its position in shares of TWFG by 5.2% during the 2nd quarter. Acadian Asset Management LLC now owns 71,738 shares of the company’s stock worth $2,505,000 after buying an additional 3,527 shares during the period. XTX Topco Ltd acquired a new position in shares of TWFG during the 2nd quarter worth about $521,000. Giverny Capital Inc. bought a new stake in shares of TWFG in the 2nd quarter valued at about $6,225,000. Finally, Grandeur Peak Global Advisors LLC acquired a new stake in shares of TWFG in the 2nd quarter valued at approximately $2,809,000.

About TWFG

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.