TWFG (NASDAQ:TWFG) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

TWFG (NASDAQ:TWFG) had its price objective lifted by investment analysts at Royal Bank of Canada from $30.00 to $38.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 22.03% from the stock’s current price.

Several other research firms have also recently commented on TWFG. DOWLING & PARTN upgraded TWFG to a “hold” rating in a report on Wednesday, September 11th. Piper Sandler boosted their target price on shares of TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on shares of TWFG from $26.50 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. UBS Group assumed coverage on shares of TWFG in a report on Monday, August 12th. They issued a “buy” rating and a $29.00 price target on the stock. Finally, BMO Capital Markets restated an “outperform” rating and set a $30.00 price objective on shares of TWFG in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.43.

TWFG Price Performance

Shares of TWFG opened at $31.14 on Thursday. TWFG has a 1 year low of $21.31 and a 1 year high of $36.50. The firm’s 50 day moving average price is $29.50. The company has a current ratio of 33.76, a quick ratio of 33.75 and a debt-to-equity ratio of 0.68.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $54.64 million for the quarter, compared to analysts’ expectations of $52.62 million. Sell-side analysts predict that TWFG will post 0.49 earnings per share for the current year.

Institutional Trading of TWFG

A number of institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in shares of TWFG during the third quarter worth about $93,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of TWFG during the 3rd quarter valued at about $133,000. Maven Securities LTD acquired a new position in TWFG during the 3rd quarter worth approximately $280,000. Symphony Financial Ltd. Co. purchased a new position in TWFG in the 3rd quarter worth approximately $310,000. Finally, Seven Grand Managers LLC acquired a new stake in TWFG in the third quarter valued at approximately $814,000.

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.