TWFG, Inc.’s (NASDAQ:TWFG) Lock-Up Period To End Tomorrow

TWFG’s (NASDAQ:TWFG) lock-up period is set to expire on Tuesday, January 14th. TWFG had issued 11,000,000 shares in its initial public offering on July 18th. The total size of the offering was $187,000,000 based on an initial share price of $17.00. After the end of TWFG’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler lifted their price target on TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $33.00 price target (up previously from $30.00) on shares of TWFG in a report on Friday, January 3rd. Finally, Royal Bank of Canada lifted their price target on TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.86.

TWFG Price Performance

Shares of NASDAQ:TWFG opened at $28.84 on Monday. TWFG has a 12 month low of $21.31 and a 12 month high of $36.50. The business’s 50 day moving average price is $31.42. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On TWFG

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in TWFG in the third quarter worth approximately $93,000. Emerald Mutual Fund Advisers Trust acquired a new position in TWFG in the third quarter worth approximately $133,000. Maven Securities LTD acquired a new position in TWFG in the third quarter worth approximately $280,000. Franklin Resources Inc. acquired a new position in TWFG in the third quarter worth approximately $293,000. Finally, Symphony Financial Ltd. Co. acquired a new position in TWFG in the third quarter worth approximately $310,000.

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.