TWFG, Inc. (NASDAQ:TWFG) Receives $34.57 Consensus Price Target from Brokerages

Shares of TWFG, Inc. (NASDAQ:TWFG) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $34.5714.

TWFG has been the subject of several analyst reports. Piper Sandler reduced their price target on TWFG from $38.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, August 14th. Morgan Stanley reduced their price objective on shares of TWFG from $35.00 to $32.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Finally, UBS Group upped their target price on shares of TWFG from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th.

TWFG Price Performance

TWFG stock opened at $25.97 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 105.86 and a current ratio of 105.86. The firm has a 50 day moving average price of $28.13 and a 200-day moving average price of $31.20. TWFG has a 52-week low of $23.52 and a 52-week high of $36.85. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 63.34 and a beta of 0.29.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. State of Wyoming lifted its stake in shares of TWFG by 42.0% in the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock worth $182,000 after purchasing an additional 1,535 shares during the period. State of Tennessee Department of Treasury purchased a new stake in TWFG during the second quarter valued at approximately $155,000. Man Group plc bought a new position in TWFG in the second quarter worth approximately $223,000. BNP Paribas Financial Markets boosted its stake in shares of TWFG by 145.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 18,353 shares of the company’s stock worth $642,000 after acquiring an additional 10,869 shares during the last quarter. Finally, Boothbay Fund Management LLC grew its position in shares of TWFG by 225.5% during the 2nd quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company’s stock valued at $1,447,000 after acquiring an additional 28,634 shares during the period.

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.