Piper Sandler Forecasts Strong Price Appreciation for TWFG (NASDAQ:TWFG) Stock

TWFG (NASDAQ:TWFG) had its target price lifted by research analysts at Piper Sandler from $30.00 to $37.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective points to a potential upside of 12.16% from the stock’s previous close.

TWFG has been the subject of several other research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $30.00 price objective on shares of TWFG in a research report on Wednesday, August 28th. UBS Group started coverage on shares of TWFG in a research note on Monday, August 12th. They issued a “buy” rating and a $29.00 price objective for the company. Keefe, Bruyette & Woods upped their target price on shares of TWFG from $27.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. boosted their price target on TWFG from $26.50 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, William Blair began coverage on TWFG in a report on Wednesday, August 21st. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.29.

TWFG Price Performance

NASDAQ:TWFG opened at $32.99 on Monday. TWFG has a 12-month low of $21.31 and a 12-month high of $36.50. The company has a current ratio of 33.76, a quick ratio of 33.75 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average of $29.41.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $11.15. The firm had revenue of $53.27 million during the quarter, compared to analyst estimates of $51.86 million. On average, analysts forecast that TWFG will post 0.49 earnings per share for the current year.

Hedge Funds Weigh In On TWFG

A number of institutional investors have recently made changes to their positions in TWFG. Seven Grand Managers LLC acquired a new stake in TWFG during the third quarter worth approximately $814,000. Symphony Financial Ltd. Co. acquired a new stake in shares of TWFG during the third quarter worth $310,000. Emerald Mutual Fund Advisers Trust acquired a new position in TWFG in the third quarter valued at $133,000. Finally, Royce & Associates LP purchased a new position in TWFG during the third quarter worth about $1,546,000.

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.