JPMorgan Chase & Co. Has Lowered Expectations for TWFG (NASDAQ:TWFG) Stock Price

Key Points

• JPMorgan cut its TWFG price target from $28 to $26 while maintaining a neutral rating, implying approximately 8.16% upside from the prior close.
• Analyst sentiment remains moderately positive overall, with four Buy and four Hold ratings and a consensus price target of $29.29; RBC and UBS maintain $34 targets.
• TWFG’s latest quarterly results exceeded expectations, reporting $0.38 in EPS versus a $0.26 estimate and revenue of $87.51 million versus $77.34 million expected.

TWFG (NASDAQ:TWFG - Get Free Report) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from $28.00 to $26.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 8.16% from the stock's previous close.

Several other equities research analysts also recently commented on the company. Royal Bank Of Canada lifted their price objective on TWFG from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Zacks Research downgraded shares of TWFG from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Weiss Ratings upgraded shares of TWFG from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. Truist Financial set a $23.00 price objective on shares of TWFG in a report on Monday, June 8th. Finally, UBS Group increased their price objective on shares of TWFG from $30.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $29.29.

TWFG Price Performance

TWFG stock traded up $0.03 during trading on Thursday, reaching $24.04. The company had a trading volume of 12,755 shares, compared to its average volume of 209,741. TWFG has a 52 week low of $16.56 and a 52 week high of $31.30. The business has a 50 day moving average of $27.39 and a 200 day moving average of $23.02. The company has a market cap of $1.30 billion, a P/E ratio of 40.69 and a beta of 0.18.

TWFG (NASDAQ:TWFG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. The business had revenue of $87.51 million during the quarter, compared to the consensus estimate of $77.34 million. TWFG had a return on equity of 19.49% and a net margin of 2.90%. Research analysts expect that TWFG will post 1.09 earnings per share for the current year.

Hedge Funds Weigh In On TWFG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWFG. Integrated Wealth Concepts LLC purchased a new position in TWFG during the second quarter worth $72,000. Bank of New York Mellon Corp bought a new stake in shares of TWFG in the 2nd quarter worth about $327,000. Dockside LLC bought a new stake in shares of TWFG in the 4th quarter worth about $460,000. Blalock Williams LLC boosted its stake in shares of TWFG by 14.9% during the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company's stock worth $551,000 after purchasing an additional 2,978 shares during the period. Finally, Symphony Financial Ltd. Co. boosted its stake in shares of TWFG by 153.7% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company's stock worth $942,000 after purchasing an additional 23,682 shares during the period.

About TWFG

TWFG, Inc is an independent insurance distribution company that operates through a network of retail insurance agencies, affiliated agents and franchise locations. The company helps individuals and businesses obtain coverage from a range of insurance carriers rather than underwriting policies itself.

Its offerings include personal insurance products such as homeowners, automobile, renters and other property and casualty coverage. TWFG also provides commercial insurance solutions for businesses, as well as access to life, health and related insurance products.

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