TWFG, Inc. (NASDAQ:TWFG) Receives $31.14 Average Price Target from Brokerages

Shares of TWFG, Inc. (NASDAQ:TWFG) have been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $31.14.

A number of brokerages have commented on TWFG. Royal Bank of Canada boosted their price objective on TWFG from $30.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. BMO Capital Markets reissued an “outperform” rating and issued a $30.00 price target on shares of TWFG in a research report on Wednesday, August 28th. Keefe, Bruyette & Woods raised their price objective on TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. William Blair started coverage on shares of TWFG in a research note on Wednesday, August 21st. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of TWFG from $26.50 to $28.00 and gave the company an “overweight” rating in a research report on Friday, August 30th.

Institutional Investors Weigh In On TWFG

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in shares of TWFG in the third quarter valued at approximately $93,000. Emerald Mutual Fund Advisers Trust purchased a new position in TWFG in the 3rd quarter valued at approximately $133,000. Maven Securities LTD bought a new stake in TWFG during the 3rd quarter valued at $280,000. Franklin Resources Inc. purchased a new stake in shares of TWFG during the third quarter worth $293,000. Finally, Symphony Financial Ltd. Co. purchased a new stake in shares of TWFG during the third quarter worth $310,000.

TWFG Price Performance

NASDAQ:TWFG opened at $29.26 on Friday. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. TWFG has a one year low of $21.31 and a one year high of $36.50. The stock’s 50-day simple moving average is $31.93.

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.