TWFG (NASDAQ:TWFG) Price Target Increased to $28.00 by Analysts at Keefe, Bruyette & Woods

TWFG (NASDAQ:TWFG) had its price target hoisted by Keefe, Bruyette & Woods from $27.00 to $28.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other analysts also recently commented on TWFG. Piper Sandler started coverage on shares of TWFG in a report on Monday, August 12th. They set an overweight rating and a $27.00 target price on the stock. UBS Group began coverage on shares of TWFG in a report on Monday, August 12th. They set a buy rating and a $29.00 price objective on the stock. William Blair assumed coverage on shares of TWFG in a research note on Wednesday, August 21st. They issued an outperform rating for the company. JPMorgan Chase & Co. lifted their price target on TWFG from $26.50 to $28.00 and gave the company an overweight rating in a research note on Friday, August 30th. Finally, Morgan Stanley assumed coverage on TWFG in a research report on Monday, August 12th. They set an equal weight rating and a $23.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $27.86.

TWFG Stock Performance

Shares of TWFG stock opened at $30.06 on Wednesday. TWFG has a 12-month low of $21.31 and a 12-month high of $31.29.

TWFG (NASDAQ:TWFG) last posted its earnings results on Tuesday, August 27th. The company reported $14.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $11.15. The business had revenue of $53.27 million during the quarter, compared to analyst estimates of $51.86 million. As a group, sell-side analysts anticipate that TWFG will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Janet S. Wong purchased 2,500 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the director now directly owns 6,029 shares in the company, valued at $102,493. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Katherine C. Nolan bought 6,250 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was acquired at an average cost of $17.00 per share, for a total transaction of $106,250.00. Following the purchase, the chief operating officer now owns 94,485 shares of the company’s stock, valued at approximately $1,606,245. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet S. Wong purchased 2,500 shares of the stock in a transaction on Friday, July 19th. The shares were acquired at an average cost of $17.00 per share, for a total transaction of $42,500.00. Following the transaction, the director now owns 6,029 shares of the company’s stock, valued at $102,493. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 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.