Royal Bank of Canada Issues Positive Forecast for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its price target hoisted by Royal Bank of Canada from $30.00 to $38.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on the company. DOWLING & PARTN raised TWFG to a “hold” rating in a report on Wednesday, September 11th. William Blair initiated coverage on TWFG in a research report on Wednesday, August 21st. They issued an “outperform” rating for the company. UBS Group initiated coverage on TWFG in a research report on Monday, August 12th. They issued a “buy” rating and a $29.00 price target for the company. Morgan Stanley initiated coverage on TWFG in a research report on Monday, August 12th. They issued an “equal weight” rating and a $23.00 price target for the company. Finally, Keefe, Bruyette & Woods upped their price target on TWFG from $27.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.43.

TWFG Stock Up 0.9 %

NASDAQ TWFG opened at $31.14 on Thursday. The business has a 50-day simple moving average of $29.53. TWFG has a twelve month low of $21.31 and a twelve month high of $36.50. The company has a quick ratio of 33.75, a current ratio of 122.61 and a debt-to-equity ratio of 0.02.

TWFG (NASDAQ:TWFG) last announced its earnings results on Tuesday, August 27th. The company reported $14.89 EPS for the quarter, beating analysts’ consensus estimates of $3.74 by $11.15. The firm had revenue of $53.27 million for the quarter, compared to analyst estimates of $51.86 million. Analysts predict that TWFG will post 0.49 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of TWFG during the third quarter worth $93,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of TWFG during the third quarter worth $133,000. Maven Securities LTD purchased a new position in shares of TWFG during the third quarter worth $280,000. Symphony Financial Ltd. Co. purchased a new position in shares of TWFG during the third quarter worth $310,000. Finally, Seven Grand Managers LLC purchased a new position in shares of TWFG during the third quarter worth $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.