JPMorgan Chase & Co. Boosts TWFG (NASDAQ:TWFG) Price Target to $28.00

TWFG (NASDAQ:TWFG) had its price objective boosted by JPMorgan Chase & Co. from $26.50 to $28.00 in a research note published on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

TWFG has been the subject of several other reports. William Blair started coverage on TWFG in a research note on Wednesday, August 21st. They issued an outperform rating for the company. UBS Group began coverage on shares of TWFG in a research note on Monday, August 12th. They issued a buy rating and a $29.00 price target on the stock. Royal Bank of Canada increased their price objective on shares of TWFG from $29.00 to $30.00 and gave the company an outperform rating in a report on Thursday. Piper Sandler began coverage on TWFG in a report on Monday, August 12th. They set an overweight rating and a $27.00 target price on the stock. Finally, Morgan Stanley initiated coverage on TWFG in a research report on Monday, August 12th. They set an equal weight rating and a $23.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $27.71.

TWFG Price Performance

TWFG stock opened at $28.67 on Friday. TWFG has a 1 year low of $21.31 and a 1 year high of $28.98.

TWFG (NASDAQ:TWFG) last released its quarterly earnings results on Tuesday, August 27th. The company reported $14.89 earnings per share 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. On average, analysts predict that TWFG will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at TWFG

In related news, COO Katherine C. Nolan bought 6,250 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were bought at an average price of $17.00 per share, with a total value of $106,250.00. Following the completion of the transaction, the chief operating officer now directly owns 94,485 shares of the company’s stock, valued at approximately $1,606,245. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Richard F. Bunch III bought 17,550 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was bought at an average cost of $17.00 per share, for a total transaction of $298,350.00. Following the acquisition, the chief executive officer now directly owns 695,925 shares of the company’s stock, valued at approximately $11,830,725. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Katherine C. Nolan bought 6,250 shares of the company’s stock in a transaction on Friday, July 19th. The stock was purchased at an average cost of $17.00 per share, with a total value of $106,250.00. Following the completion of the transaction, the chief operating officer now owns 94,485 shares in the company, valued at $1,606,245. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 30,300 shares of company stock worth $515,100.

TWFG Company Profile

We are a leading, high-growth, independent distribution platform for personal and commercial insurance in the United States. We are pioneers in the insurance industry, developing an agency model built on innovation and experience with what we believe is a more flexible approach than traditional distribution models.