TWFG, Inc. (NASDAQ:TWFG) Stock Has Consensus Price Target of $30.57

Key Points

• Analyst sentiment is moderately bullish: Eight analysts rate TWFG a “Moderate Buy,” with an average 12-month price target of $30.57. Recent targets range from JPMorgan’s $26 to UBS’s $36.
• TWFG beat quarterly expectations: Earnings per share were $0.28 versus a $0.26 estimate, while revenue of $79.92 million slightly topped the $79.48 million consensus.
• Shares traded at $25.79 on Friday, below the average analyst target; the stock’s 52-week range is $16.56–$31.42.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $30.57.

A number of brokerages have weighed in on TWFG. Royal Bank Of Canada upped their price objective on shares of TWFG from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Weiss Ratings restated a "hold (c)" rating on shares of TWFG in a research report on Wednesday. UBS Group lifted their price target on TWFG from $34.00 to $36.00 and gave the company a "buy" rating in a research note on Tuesday, November 10th. Zacks Research raised TWFG from a "hold" rating to a "strong-buy" rating in a report on Monday, October 12th. Finally, JPMorgan Chase & Co. reduced their price target on TWFG from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, October 1st.

TWFG Stock Performance

NASDAQ:TWFG traded down $0.93 during mid-day trading on Friday, hitting $25.79. 128,235 shares of the company's stock traded hands, compared to its average volume of 201,372. The company has a fifty day moving average of $26.34 and a 200 day moving average of $23.27. TWFG has a twelve month low of $16.56 and a twelve month high of $31.42. The company has a market capitalization of $1.39 billion, a P/E ratio of 45.25 and a beta of 0.20.

TWFG (NASDAQ:TWFG - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. The company had revenue of $79.92 million for the quarter, compared to the consensus estimate of $79.48 million. TWFG had a net margin of 2.57% and a return on equity of 23.41%. On average, research analysts expect that TWFG will post 1.10 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TWFG

A number of large investors have recently modified their holdings of TWFG. Entropy Technologies LP acquired a new position in TWFG in the 3rd quarter valued at about $554,000. Empowered Funds LLC purchased a new position in shares of TWFG in the third quarter valued at approximately $431,000. Riverbridge Partners LLC boosted its stake in shares of TWFG by 4.5% in the third 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 during the period. Ascent Group LLC boosted its stake in shares of TWFG by 0.8% in the third 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 during the period. Finally, State of Wyoming acquired a new position in shares of TWFG in the third quarter valued at approximately $182,000.

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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