TWFG (NASDAQ:TWFG) Given New $36.00 Price Target at UBS Group

Key Points

• UBS raised its price target on TWFG from $34 to $36 and reiterated a “buy” rating, implying about 33% upside from the prior close.
• Analyst sentiment is moderately positive: TWFG has a consensus “Moderate Buy” rating and an average price target of $30.57, though JPMorgan rates it “neutral.”
• TWFG beat quarterly expectations, reporting EPS of $0.28 versus $0.26 forecast and revenue of $79.92 million versus $79.48 million expected.

TWFG (NASDAQ:TWFG - Get Free Report) had its price objective lifted by equities research analysts at UBS Group from $34.00 to $36.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price indicates a potential upside of 32.96% from the company's previous close.

A number of other equities analysts have also issued reports on the stock. Weiss Ratings upgraded shares of TWFG from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Morgan Stanley upped their price target on shares of TWFG from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of TWFG from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, October 1st. Royal Bank Of Canada lifted their price objective on shares of TWFG from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Finally, Keefe, Bruyette & Woods upped their target price on shares of TWFG from $28.00 to $30.00 and gave the company a "market perform" rating in a report on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.57.

TWFG Stock Performance

NASDAQ TWFG traded up $0.29 during trading hours on Tuesday, hitting $27.08. The company had a trading volume of 112,020 shares, compared to its average volume of 205,848. The business has a 50 day moving average of $26.55 and a 200-day moving average of $23.25. The company has a market cap of $1.46 billion, a PE ratio of 47.61 and a beta of 0.20. TWFG has a 1-year low of $16.56 and a 1-year high of $31.42.

TWFG (NASDAQ:TWFG - Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.02. TWFG had a return on equity of 23.10% and a net margin of 2.57%. The business had revenue of $79.92 million for the quarter, compared to analysts' expectations of $79.48 million. Sell-side analysts expect that TWFG will post 1.10 earnings per share for the current fiscal year.

Institutional Trading of TWFG

Several hedge funds have recently made changes to their positions in TWFG. Giverny Capital Inc. increased its stake in shares of TWFG by 18.2% during the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company's stock worth $15,691,000 after acquiring an additional 100,345 shares during the period. Riverbridge Partners LLC boosted its holdings in TWFG by 4.5% in the 3rd quarter. Riverbridge Partners LLC now owns 347,619 shares of the company's stock valued at $8,346,000 after purchasing an additional 14,961 shares in the last quarter. Ascent Group LLC boosted its holdings in TWFG by 0.8% in the 3rd quarter. Ascent Group LLC now owns 214,110 shares of the company's stock valued at $5,141,000 after purchasing an additional 1,800 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in TWFG by 201.9% in the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company's stock valued at $2,176,000 after purchasing an additional 79,127 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in TWFG during the 1st quarter worth approximately $1,243,000.

About TWFG

TWFG, Inc. is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Its offerings include personal and commercial property and casualty insurance, as well as life and health coverage. Founded in 2001 as The Woodlands Financial Group, the company operates through a network of retail insurance agencies and independent agents. TWFG serves customers across the United States. TWFG was founded by Richard “Ricky” McKenzie, who leads the company as chairman and chief executive officer.

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