TWFG (NASDAQ:TWFG) Price Target Raised to $32.00

TWFG (NASDAQ:TWFG) had its price objective boosted by BMO Capital Markets from $30.00 to $32.00 in a research note released on Tuesday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on TWFG. Piper Sandler upped their price target on TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods boosted 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. JPMorgan Chase & Co. restated a “neutral” rating and set a $33.00 target price (up previously from $30.00) on shares of TWFG in a research note on Friday, January 3rd. Finally, Royal Bank of Canada lifted their price target on shares of TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.14.

TWFG Stock Performance

Shares of TWFG stock opened at $30.76 on Tuesday. TWFG has a 1 year low of $21.31 and a 1 year high of $36.50. The firm has a fifty day moving average price of $29.94 and a 200-day moving average price of $29.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. raised its position in shares of TWFG by 36.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,553,674 shares of the company’s stock valued at $47,854,000 after buying an additional 415,159 shares during the last quarter. FMR LLC purchased a new position in TWFG during the third quarter valued at $34,942,000. Alliancebernstein L.P. increased its holdings in TWFG by 7.6% in the 4th quarter. Alliancebernstein L.P. now owns 1,011,222 shares of the company’s stock valued at $31,146,000 after acquiring an additional 71,106 shares during the last quarter. Capital International Investors lifted its stake in TWFG by 30.8% in the 4th quarter. Capital International Investors now owns 878,807 shares of the company’s stock worth $27,067,000 after purchasing an additional 206,969 shares in the last quarter. Finally, Bamco Inc. NY boosted its holdings in shares of TWFG by 19.6% during the 4th quarter. Bamco Inc. NY now owns 871,661 shares of the company’s stock valued at $26,847,000 after purchasing an additional 142,913 shares during the last quarter.

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.