TWFG, Inc.’s (NASDAQ:TWFG) Lock-Up Period Will Expire on January 14th

TWFG’s (NASDAQ:TWFG) lock-up period will expire on Tuesday, January 14th. TWFG had issued 11,000,000 shares in its IPO on July 18th. The total size of the offering was $187,000,000 based on an initial share price of $17.00. After the end of TWFG’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TWFG shares. Royal Bank of Canada increased their price objective on shares of TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. DOWLING & PARTN upgraded TWFG to a “hold” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $33.00 price objective (up previously from $30.00) on shares of TWFG in a report on Friday. Piper Sandler raised their target price on TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods boosted their price target on TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, TWFG has an average rating of “Moderate Buy” and an average price target of $31.86.

TWFG Price Performance

NASDAQ:TWFG opened at $28.54 on Tuesday. The firm’s 50-day simple moving average is $31.84. TWFG has a 52 week low of $21.31 and a 52 week high of $36.50. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FMR LLC bought a new stake in shares of TWFG during the third quarter valued at approximately $34,942,000. Bamco Inc. NY purchased a new stake in TWFG in the 3rd quarter worth $19,764,000. Lord Abbett & CO. LLC bought a new position in shares of TWFG during the 3rd quarter valued at about $8,122,000. Zimmer Partners LP purchased a new position in shares of TWFG during the third quarter valued at about $4,109,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of TWFG in the third quarter worth about $4,068,000.

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.