JPMorgan Chase & Co. Lowers TWFG (NASDAQ:TWFG) Price Target to $30.00

TWFG (NASDAQ:TWFG) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $35.00 to $30.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 11.86% from the company’s previous close.

A number of other analysts also recently issued reports on TWFG. Piper Sandler cut their price objective on shares of TWFG from $38.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, August 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a report on Wednesday. Morgan Stanley cut their price target on shares of TWFG from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, UBS Group cut their target price on shares of TWFG from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, TWFG currently has an average rating of “Hold” and a consensus price target of $33.29.

TWFG Stock Down 0.3%

Shares of TWFG opened at $26.82 on Thursday. TWFG has a 52 week low of $23.52 and a 52 week high of $36.85. The firm has a market cap of $1.50 billion, a P/E ratio of 65.42 and a beta of 0.31. The firm’s 50-day simple moving average is $26.92 and its 200 day simple moving average is $30.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 105.86 and a current ratio of 105.86.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Monday, March 3rd. The company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $54.64 million during the quarter. TWFG had a net margin of 2.74% and a return on equity of 7.82%. TWFG has set its Q4 2024 guidance at EPS. FY 2024 guidance at EPS. On average, analysts forecast that TWFG will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On TWFG

Several large investors have recently modified their holdings of TWFG. State of Wyoming acquired a new stake in shares of TWFG during the first quarter worth $113,000. Quantbot Technologies LP increased its position in shares of TWFG by 52.5% during the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after buying an additional 1,395 shares during the period. State of Tennessee Department of Treasury acquired a new stake in shares of TWFG during the second quarter worth $155,000. Man Group plc acquired a new stake in shares of TWFG during the second quarter worth $223,000. Finally, Walleye Capital LLC acquired a new stake in shares of TWFG during the first quarter worth $263,000.

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.