57,000 Shares in TWFG, Inc. (NASDAQ:TWFG) Acquired by Royce & Associates LP

Royce & Associates LP bought a new stake in shares of TWFG, Inc. (NASDAQ:TWFG) in the third quarter, HoldingsChannel.com reports. The firm bought 57,000 shares of the company’s stock, valued at approximately $1,546,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust purchased a new stake in TWFG during the third quarter valued at $133,000. Symphony Financial Ltd. Co. bought a new stake in shares of TWFG during the 3rd quarter valued at about $310,000. Finally, Seven Grand Managers LLC purchased a new stake in shares of TWFG during the 3rd quarter valued at about $814,000.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TWFG. JPMorgan Chase & Co. lifted 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. BMO Capital Markets reissued an “outperform” rating and set a $30.00 price target on shares of TWFG in a report on Wednesday, August 28th. Piper Sandler raised their price objective on TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Royal Bank of Canada boosted their price objective on TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, UBS Group initiated coverage on TWFG in a report on Monday, August 12th. They set a “buy” rating and a $29.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.43.

TWFG Stock Up 0.8 %

Shares of TWFG stock opened at $32.26 on Wednesday. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02. TWFG, Inc. has a 12-month low of $21.31 and a 12-month high of $36.50. The stock has a 50-day moving average price of $29.62.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $11.15. The firm had revenue of $53.27 million for the quarter, compared to analysts’ expectations of $51.86 million. Equities research analysts predict that TWFG, Inc. will post 0.49 earnings per share for the current year.

TWFG 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.