Piper Sandler Issues Positive Forecast for TWFG (NASDAQ:TWFG) Stock Price

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

Other analysts also recently issued research reports about the stock. UBS Group began coverage on shares of TWFG in a research report on Monday, August 12th. They set a “buy” rating and a $29.00 target price for the company. Keefe, Bruyette & Woods upped their price objective on shares of TWFG from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. lifted their target price on shares of TWFG from $26.50 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Morgan Stanley assumed coverage on shares of TWFG in a report on Monday, August 12th. They issued an “equal weight” rating and a $23.00 target price on the stock. Finally, William Blair began coverage on TWFG in a report on Wednesday, August 21st. They set an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.29.

TWFG Price Performance

Shares of TWFG stock opened at $31.61 on Monday. TWFG has a twelve month low of $21.31 and a twelve month high of $36.50. The business has a fifty day simple moving average of $29.47. The company has a current ratio of 33.76, a quick ratio of 33.75 and a debt-to-equity ratio of 0.68.

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

Institutional Investors Weigh In On TWFG

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in shares of TWFG during the 3rd quarter worth about $93,000. FMR LLC bought a new stake in TWFG in the 3rd quarter valued at about $34,942,000. Royce & Associates LP acquired a new position in TWFG during the 3rd quarter worth approximately $1,546,000. Emerald Mutual Fund Advisers Trust bought a new position in TWFG in the third quarter worth approximately $133,000. Finally, Symphony Financial Ltd. Co. bought a new position in TWFG in the third quarter worth approximately $310,000.

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.