Brokerages Set TWFG, Inc. (NASDAQ:TWFG) Target Price at $31.86

Shares of TWFG, Inc. (NASDAQ:TWFG) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $31.86.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Keefe, Bruyette & Woods upped their price objective on TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler lifted their target price on TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $33.00 target price (up from $30.00) on shares of TWFG in a report on Friday, January 3rd.

TWFG Price Performance

NASDAQ TWFG opened at $31.02 on Monday. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $30.12 and its two-hundred day moving average price is $29.16. TWFG has a 1 year low of $21.31 and a 1 year high of $36.50.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in shares of TWFG in the fourth quarter valued at about $244,000. Alberta Investment Management Corp raised its stake in TWFG by 4.4% in the 4th quarter. Alberta Investment Management Corp now owns 124,462 shares of the company’s stock worth $3,833,000 after purchasing an additional 5,215 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in TWFG in the 4th quarter valued at about $86,000. Lord Abbett & CO. LLC acquired a new position in shares of TWFG during the 3rd quarter worth approximately $8,122,000. Finally, Franklin Resources Inc. bought a new position in shares of TWFG during the third quarter worth approximately $293,000.

About TWFG

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.