TWFG, Inc. (NASDAQ:TWFG) Receives $32.14 Average Price Target from Brokerages

Shares of TWFG, Inc. (NASDAQ:TWFG) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $33.14.

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $33.00 price target (up previously from $30.00) on shares of TWFG in a report on Friday, January 3rd. Morgan Stanley lowered their target price on shares of TWFG from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday. BMO Capital Markets increased their price target on TWFG from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods boosted their price objective on TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Hedge Funds Weigh In On TWFG

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC bought a new stake in TWFG in the 3rd quarter worth approximately $3,699,000. Y Intercept Hong Kong Ltd bought a new stake in TWFG in the fourth quarter worth $244,000. FMR LLC purchased a new stake in TWFG during the third quarter valued at $34,942,000. Lord Abbett & CO. LLC purchased a new stake in TWFG during the third quarter valued at $8,122,000. Finally, Franklin Resources Inc. bought a new position in TWFG during the third quarter valued at $293,000.

TWFG Stock Up 1.9 %

TWFG stock opened at $30.49 on Tuesday. The business’s 50-day moving average price is $30.22 and its 200-day moving average price is $30.22. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. TWFG has a twelve month low of $21.31 and a twelve month high of $36.50.

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.