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

TWFG (NASDAQ:TWFG) had its price objective increased by stock analysts at JPMorgan Chase & Co. from $26.50 to $28.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 2.34% from the company’s current price.

TWFG has been the topic of a number of other reports. Keefe, Bruyette & Woods began coverage on TWFG in a research report on Monday, August 12th. They set a “market perform” rating and a $27.00 price target on the stock. Morgan Stanley assumed coverage on TWFG in a research note on Monday, August 12th. They issued an “equal weight” rating and a $23.00 price target for the company. Royal Bank of Canada boosted their price target on TWFG from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday. William Blair began coverage on shares of TWFG in a report on Wednesday, August 21st. They set an “outperform” rating on the stock. Finally, Piper Sandler assumed coverage on shares of TWFG in a research note on Monday, August 12th. They issued an “overweight” rating and a $27.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.71.

TWFG Stock Performance

TWFG 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 issued its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.74 by $11.15. The firm had revenue of $53.27 million during the quarter, compared to analysts’ expectations of $51.86 million. Equities research analysts predict that TWFG will post 0.52 earnings per share for the current year.

Insiders Place Their Bets

In other TWFG news, COO Katherine C. Nolan bought 6,250 shares of the firm’s 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 $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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Katherine C. Nolan bought 6,250 shares of the stock in a transaction dated Friday, July 19th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $106,250.00. Following the completion of the purchase, the chief operating officer now directly owns 94,485 shares of the company’s stock, valued at $1,606,245. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Janice E. Zwinggi purchased 3,000 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was bought at an average cost of $17.00 per share, with a total value of $51,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 61,823 shares of the company’s stock, valued at approximately $1,050,991. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 30,300 shares of company stock valued at $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.