Analysts Set TWFG, Inc. (NASDAQ:TWFG) Target Price at $25.86

TWFG, Inc. (NASDAQ:TWFG) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $26.8571.

TWFG has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of TWFG from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Truist Financial set a $23.00 target price on TWFG in a research report on Monday, June 8th. Weiss Ratings raised TWFG from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Keefe, Bruyette & Woods increased their price target on TWFG from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised their price target on TWFG from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th.

Insider Buying and Selling

In other TWFG news, Director Michael Doak bought 24,880 shares of TWFG stock in a transaction on Wednesday, May 27th. The shares were acquired at an average price of $18.62 per share, for a total transaction of $463,265.60. Following the completion of the purchase, the director directly owned 668,398 shares in the company, valued at approximately $12,445,570.76. This trade represents a 3.87% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders acquired 160,852 shares of company stock valued at $3,034,663. Corporate insiders own 68.44% of the company’s stock.

Institutional Trading of TWFG

A number of large investors have recently made changes to their positions in the stock. Capital International Investors boosted its holdings in shares of TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after purchasing an additional 511,469 shares during the period. Bamco Inc. NY increased its holdings in TWFG by 5.8% during the 3rd quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock worth $26,181,000 after purchasing an additional 52,067 shares during the period. Riverbridge Partners LLC increased its holdings in TWFG by 9.4% during the 4th quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock worth $17,082,000 after purchasing an additional 51,083 shares during the period. Giverny Capital Inc. raised its position in TWFG by 10.4% during the 4th quarter. Giverny Capital Inc. now owns 331,511 shares of the company’s stock valued at $9,538,000 after purchasing an additional 31,194 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in TWFG by 201.9% during the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock valued at $2,176,000 after purchasing an additional 79,127 shares in the last quarter.

TWFG Stock Performance

TWFG stock opened at $26.35 on Monday. The company’s 50-day moving average price is $21.65 and its 200-day moving average price is $21.53. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.43 billion, a PE ratio of 48.80 and a beta of 0.21. TWFG has a twelve month low of $16.56 and a twelve month high of $34.09.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. The firm had revenue of $72.84 million during the quarter, compared to the consensus estimate of $67.67 million. TWFG had a net margin of 3.04% and a return on equity of 15.96%. On average, equities research analysts forecast that TWFG will post 0.97 EPS 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.