TWFG, Inc.’s (NASDAQ:TWFG) Lock-Up Period Set To Expire on January 14th

TWFG’s (NASDAQ:TWFG) lock-up period will end on Tuesday, January 14th. TWFG had issued 11,000,000 shares in its public offering on July 18th. The total size of the offering was $187,000,000 based on an initial share price of $17.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Several equities analysts have commented on TWFG shares. Piper Sandler raised their target price on shares of TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Royal Bank of Canada boosted their price target on shares of TWFG from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Keefe, Bruyette & Woods raised their price objective on shares of TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $33.00 target price (up from $30.00) on shares of TWFG in a report on Friday, January 3rd. Finally, DOWLING & PARTN upgraded shares of TWFG to a “hold” rating in a report on Wednesday, September 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.86.

TWFG Stock Performance

TWFG opened at $27.12 on Thursday. The firm has a fifty day simple moving average of $31.69. 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 12-month low of $21.31 and a 12-month high of $36.50.

Hedge Funds Weigh In On TWFG

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in shares of TWFG during the third quarter worth approximately $93,000. Emerald Mutual Fund Advisers Trust purchased a new stake in TWFG in the 3rd quarter worth approximately $133,000. Franklin Resources Inc. acquired a new stake in shares of TWFG during the 3rd quarter valued at $293,000. Maven Securities LTD purchased a new position in shares of TWFG during the 3rd quarter valued at $280,000. Finally, Symphony Financial Ltd. Co. acquired a new position in shares of TWFG in the third quarter worth $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.