TWFG (NASDAQ:TWFG) Hits New 1-Year High – Time to Buy?

TWFG, Inc. (NASDAQ:TWFG)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.34 and last traded at $34.34, with a volume of 1452 shares traded. The stock had previously closed at $32.58.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TWFG. JPMorgan Chase & Co. increased their target price on TWFG from $26.50 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Keefe, Bruyette & Woods raised their price target on TWFG from $27.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. DOWLING & PARTN raised TWFG to a “hold” rating in a research note on Wednesday, September 11th. Piper Sandler began coverage on TWFG in a research note on Monday, August 12th. They set an “overweight” rating and a $27.00 price target for the company. Finally, Morgan Stanley assumed coverage on TWFG in a research report on Monday, August 12th. They set an “equal weight” rating and a $23.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.86.

TWFG Price Performance

The business’s fifty day moving average is $28.96. The company has a quick ratio of 33.75, a current ratio of 33.76 and a debt-to-equity ratio of 0.68.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $11.15. The company had revenue of $53.27 million for the quarter, compared to analyst estimates of $51.86 million. As a group, equities research analysts forecast that TWFG, Inc. will post 0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TWFG

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of TWFG in the third quarter valued at approximately $133,000. Symphony Financial Ltd. Co. bought a new stake in TWFG during the third quarter worth approximately $310,000. Finally, Seven Grand Managers LLC acquired a new position in TWFG in the 3rd quarter worth approximately $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.