TWFG (NASDAQ:TWFG) Given New $34.00 Price Target at Piper Sandler

TWFG (NASDAQ:TWFG – Free Report) had its price target raised by Piper Sandler from $31.00 to $34.00 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently commented on TWFG. Morgan Stanley raised shares of TWFG from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $26.00 to $30.00 in a report on Wednesday, August 19th. Royal Bank Of Canada increased their target price on shares of TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Zacks Research raised shares of TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Finally, Wall Street Zen cut shares of TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, November 1st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.14.

Get Our Latest Analysis on TWFG

TWFG Trading Down 2.1%

Shares of NASDAQ TWFG opened at $28.96 on Thursday. The stock has a fifty day simple moving average of $26.64 and a two-hundred day simple moving average of $23.23. TWFG has a 1-year low of $16.56 and a 1-year high of $31.42. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 26.65 and a beta of 0.20.

TWFG (NASDAQ:TWFG – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $79.92 million for the quarter, compared to analysts’ expectations of $79.48 million. TWFG had a return on equity of 23.10% and a net margin of 2.57%. Analysts forecast that TWFG will post 1.10 EPS for the current year.

Institutional Investors Weigh In On TWFG

Hedge funds and other institutional investors have recently modified their holdings of the stock. Riverbridge Partners LLC grew its stake in TWFG by 4.5% during the third quarter. Riverbridge Partners LLC now owns 347,619 shares of the company’s stock valued at $8,346,000 after acquiring an additional 14,961 shares in the last quarter. Ascent Group LLC lifted its stake in TWFG by 0.8% in the 3rd quarter. Ascent Group LLC now owns 214,110 shares of the company’s stock worth $5,141,000 after purchasing an additional 1,800 shares in the last quarter. State of Wyoming purchased a new stake in TWFG in the 3rd quarter worth approximately $182,000. Argent Capital Management LLC purchased a new stake in TWFG in the 3rd quarter worth approximately $983,000. Finally, Integrated Wealth Concepts LLC bought a new position in TWFG in the 2nd quarter valued at $72,000.

TWFG News Roundup

Here are the key news stories impacting TWFG this week:

About TWFG

(Get Free Report)

TWFG, Inc (NASDAQ: TWFG) is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Through its agency network, the company provides access to personal and commercial property and casualty coverage, as well as life, health and other insurance solutions.

The company serves customers across the United States through a combination of retail insurance agencies and wholesale distribution operations. Its services include insurance placement, consultation and support, helping clients evaluate coverage options and manage their insurance needs.

Further Reading

Analyst Recommendations for TWFG (NASDAQ:TWFG)

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