Analysts Set TWFG, Inc. (NASDAQ:TWFG) Target Price at $24.86

Shares of TWFG, Inc. (NASDAQ:TWFG) have received a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.8571.

Several equities research analysts recently issued reports on TWFG shares. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of TWFG in a report on Monday, June 8th. JPMorgan Chase & Co. reduced their price objective on TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Piper Sandler reduced their price objective on TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. UBS Group reduced their price objective on TWFG from $31.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th.

Insider Activity at TWFG

In other news, Director Michael Doak purchased 24,880 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of $18.62 per share, with a total value of $463,265.60. Following the transaction, the director directly owned 668,398 shares of the company’s stock, valued at approximately $12,445,570.76. This represents a 3.87% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders acquired 160,852 shares of company stock worth $3,034,663. 68.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in shares of TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after buying an additional 454 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in shares of TWFG during the 4th quarter valued at $68,000. Quantbot Technologies LP lifted its position in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after buying an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of TWFG during the 3rd quarter valued at $142,000. Finally, State of Tennessee Department of Treasury purchased a new position in shares of TWFG during the 2nd quarter valued at $155,000.

TWFG Trading Up 4.9%

Shares of TWFG stock opened at $22.08 on Thursday. The stock has a fifty day simple moving average of $19.62 and a 200 day simple moving average of $21.91. TWFG has a 12-month low of $16.56 and a 12-month high of $35.96. The company has a market capitalization of $1.20 billion, a P/E ratio of 40.89 and a beta of 0.46. The company has a current ratio of 94.71, a quick ratio of 94.71 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.09. TWFG had a return on equity of 15.96% and a net margin of 3.04%.The business had revenue of $72.84 million during the quarter, compared to the consensus estimate of $67.67 million. On average, sell-side analysts anticipate that TWFG will post 0.97 earnings per share for the current fiscal year.

TWFG Company Profile

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.