TWFG, Inc. (NASDAQ:TWFG) Given Average Rating of “Moderate Buy” by Brokerages

TWFG, Inc. (NASDAQ:TWFG) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.43.

Several research firms have weighed in on TWFG. Piper Sandler increased their price target on shares of TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. William Blair initiated coverage on TWFG in a research note on Wednesday, August 21st. They set an “outperform” rating on the stock. Royal Bank of Canada boosted their price target on TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Morgan Stanley started coverage on TWFG in a research report on Monday, August 12th. They set an “equal weight” rating and a $23.00 price objective on the stock. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $30.00 target price on shares of TWFG in a research report on Wednesday, August 28th.

TWFG Trading Up 6.5 %

Shares of TWFG stock opened at $35.59 on Wednesday. The company has a fifty day moving average price of $30.07. TWFG has a one year low of $21.31 and a one year high of $36.50. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $11.15. The business had revenue of $53.27 million during the quarter, compared to analyst estimates of $51.86 million. On average, research analysts expect that TWFG will post 0.58 EPS for the current year.

Hedge Funds Weigh In On TWFG

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in TWFG in the 3rd quarter valued at approximately $93,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of TWFG in the third quarter worth $133,000. Maven Securities LTD bought a new stake in shares of TWFG in the third quarter worth $280,000. Symphony Financial Ltd. Co. acquired a new stake in TWFG in the third quarter valued at $310,000. Finally, Seven Grand Managers LLC bought a new position in TWFG during the 3rd 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.