TWFG (NASDAQ:TWFG) Price Target Lowered to $24.00 at JPMorgan Chase & Co.

TWFG (NASDAQ:TWFG) had its price objective trimmed by JPMorgan Chase & Co. from $27.00 to $24.00 in a report published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also commented on the stock. UBS Group lowered their price target on shares of TWFG from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Research upgraded shares of TWFG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of TWFG from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Piper Sandler reduced their price objective on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, TWFG presently has an average rating of “Hold” and a consensus price target of $26.50.

TWFG Stock Down 4.9%

TWFG stock opened at $18.44 on Thursday. The company has a 50-day simple moving average of $19.85 and a 200-day simple moving average of $24.56. The firm has a market capitalization of $1.04 billion, a P/E ratio of 36.16 and a beta of 0.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 107.86 and a current ratio of 107.86. TWFG has a one year low of $16.56 and a one year high of $36.85.

TWFG (NASDAQ:TWFG) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. The business had revenue of $70.26 million during the quarter, compared to analyst estimates of $60.81 million. TWFG had a net margin of 3.11% and a return on equity of 13.51%. As a group, equities analysts expect that TWFG will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On TWFG

Several institutional investors have recently bought and sold shares of TWFG. Fifth Third Bancorp lifted its holdings in TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 454 shares during the period. Quadrant Capital Group LLC acquired a new stake in TWFG in the fourth quarter worth about $68,000. Quantbot Technologies LP lifted its holdings in TWFG by 52.5% in the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares during the period. Russell Investments Group Ltd. acquired a new stake in TWFG in the third quarter worth about $142,000. Finally, State of Tennessee Department of Treasury acquired a new stake in TWFG in the second quarter worth about $155,000.

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.