TWFG (NASDAQ:TWFG) Price Target Raised to $38.00

TWFG (NASDAQ:TWFG) had its target price boosted by Royal Bank of Canada from $30.00 to $38.00 in a research note published on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also weighed in on TWFG. DOWLING & PARTN upgraded shares of TWFG to a “hold” rating in a research note on Wednesday, September 11th. Morgan Stanley initiated coverage on shares of TWFG in a research note on Monday, August 12th. They issued an “equal weight” rating and a $23.00 price target on the stock. UBS Group began coverage on TWFG in a research report on Monday, August 12th. They set a “buy” rating and a $29.00 price objective for the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 target price on shares of TWFG in a research report on Wednesday, August 28th. Finally, William Blair began coverage on TWFG in a report on Wednesday, August 21st. They set an “outperform” rating 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $30.43.

TWFG Stock Performance

TWFG opened at $31.14 on Thursday. TWFG has a 12-month low of $21.31 and a 12-month high of $36.50. The company has a quick ratio of 33.75, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $29.53.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $11.15. The business had revenue of $53.27 million for the quarter, compared to analyst estimates of $51.86 million. On average, sell-side analysts anticipate that TWFG will post 0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TWFG. Quantbot Technologies LP acquired a new position in TWFG during the third quarter valued at approximately $93,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of TWFG during the 3rd quarter worth $133,000. Maven Securities LTD acquired a new position in TWFG in the 3rd quarter valued at $280,000. Symphony Financial Ltd. Co. bought a new position in TWFG in the 3rd quarter worth $310,000. Finally, Seven Grand Managers LLC acquired a new position in TWFG during the 3rd quarter worth $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.