TWFG, Inc. (NASDAQ:TWFG) Stock Has Consensus Price Target of $29.29

Key Points

• TWFG has a “Moderate Buy” consensus rating from eight analysts, with four buys, three holds and one strong buy. The average 12-month price target is $29.29, above the stock’s reported $25.74 opening price.
• Several analysts recently raised their outlook, including UBS to $34 and Morgan Stanley to $30, while JPMorgan lowered its target to $26 and maintained a neutral rating.
• TWFG exceeded quarterly expectations, reporting $0.38 in EPS versus the $0.26 consensus and revenue of $87.51 million versus $77.34 million expected. Institutional investors also increased or initiated positions in the company.

Shares of TWFG, Inc. (NASDAQ:TWFG - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $29.29.

Several equities analysts have recently issued reports on TWFG shares. UBS Group boosted their target price on TWFG from $30.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Morgan Stanley upgraded TWFG from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $26.00 to $30.00 in a report on Wednesday, August 19th. JPMorgan Chase & Co. reduced 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. Piper Sandler boosted their price objective on shares of TWFG from $22.00 to $29.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Finally, Zacks Research upgraded shares of TWFG from a "hold" rating to a "strong-buy" rating in a report on Monday, October 12th.

Institutional Investors Weigh In On TWFG

Large investors have recently modified their holdings of the stock. Giverny Capital Inc. raised its stake in TWFG by 18.2% in the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company's stock worth $15,691,000 after buying an additional 100,345 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in TWFG by 201.9% in the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company's stock worth $2,176,000 after buying an additional 79,127 shares during the period. Dimensional Fund Advisors LP purchased a new stake in TWFG in the first quarter worth about $1,243,000. Argent Capital Management LLC bought a new stake in TWFG during the 3rd quarter valued at approximately $983,000. Finally, Symphony Financial Ltd. Co. boosted its position in TWFG by 153.7% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company's stock valued at $942,000 after acquiring an additional 23,682 shares in the last quarter.

TWFG Price Performance

NASDAQ TWFG opened at $25.74 on Wednesday. The stock has a market capitalization of $1.39 billion, a PE ratio of 43.63 and a beta of 0.28. TWFG has a 1 year low of $16.56 and a 1 year high of $31.30. The business's 50-day moving average is $26.69 and its 200 day moving average is $23.63.

TWFG (NASDAQ:TWFG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.12. The company had revenue of $87.51 million for 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%. As a group, equities research analysts anticipate that TWFG will post 1.09 earnings per share for the current year.

TWFG Company Profile

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

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

Founded in 2008, TWFG is headquartered in The Woodlands, Texas, and serves customers across the United States through its network of agency locations and insurance professionals.

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