TWFG (NASDAQ:TWFG) Given New $37.00 Price Target at Piper Sandler

TWFG (NASDAQ:TWFG) had its price target upped by Piper Sandler from $30.00 to $37.00 in a research report report published on Monday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other research analysts have also issued reports on TWFG. Keefe, Bruyette & Woods boosted their price target on TWFG from $27.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. DOWLING & PARTN upgraded shares of TWFG to a “hold” rating in a research report on Wednesday, September 11th. Morgan Stanley assumed coverage on shares of TWFG in a research report on Monday, August 12th. They set an “equal weight” rating and a $23.00 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, August 29th. Finally, JPMorgan Chase & Co. boosted their target price on TWFG from $26.50 to $28.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Three equities research 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, TWFG currently has a consensus rating of “Moderate Buy” and an average target price of $30.43.

TWFG Stock Down 2.3 %

TWFG stock opened at $30.87 on Monday. The business has a 50-day moving average price of $29.50. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $36.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 33.75 and a current ratio of 33.76.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $54.64 million during the quarter, compared to analyst estimates of $52.62 million. As a group, analysts forecast that TWFG will post 0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TWFG. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of TWFG during the 3rd quarter valued at $4,068,000. Quantbot Technologies LP acquired a new stake in shares of TWFG during the third quarter worth $93,000. FMR LLC purchased a new stake in shares of TWFG during the third quarter valued at $34,942,000. Royce & Associates LP acquired a new position in shares of TWFG in the 3rd quarter valued at $1,546,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in TWFG in the 3rd quarter worth about $133,000.

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.