Keefe, Bruyette & Woods Increases TWFG (NASDAQ:TWFG) Price Target to $33.00

TWFG (NASDAQ:TWFG) had its price objective boosted by equities research analysts at Keefe, Bruyette & Woods from $28.00 to $33.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential downside of 2.22% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. UBS Group initiated coverage on TWFG in a research report on Monday, August 12th. They set a “buy” rating and a $29.00 price objective on the stock. Piper Sandler boosted their price target on TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Morgan Stanley started coverage on TWFG in a report on Monday, August 12th. They issued an “equal weight” rating and a $23.00 price target on the stock. Royal Bank of Canada boosted their price target on TWFG from $30.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, William Blair started coverage on TWFG in a report on Wednesday, August 21st. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.14.

TWFG Stock Down 4.4 %

TWFG stock opened at $33.75 on Wednesday. TWFG has a twelve month low of $21.31 and a twelve month high of $36.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61. The company’s 50-day moving average is $31.40.

Institutional Trading of TWFG

A number of large investors have recently added to or reduced their stakes in TWFG. FMR LLC bought a new stake in TWFG in the 3rd quarter worth approximately $34,942,000. Bamco Inc. NY bought a new stake in TWFG in the 3rd quarter worth approximately $19,764,000. Zimmer Partners LP bought a new stake in TWFG in the 3rd quarter worth approximately $4,109,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in TWFG in the 3rd quarter worth approximately $4,068,000. Finally, Geode Capital Management LLC bought a new position in shares of TWFG during the 3rd quarter valued at approximately $3,699,000.

About TWFG

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.