JPMorgan Chase & Co. Cuts TWFG (NASDAQ:TWFG) Price Target to $24.00

Key Points

• JPMorgan cut TWFG's price target from $27 to $24 and kept a neutral rating, implying roughly a 30% upside from the prior close.
• Other analysts also trimmed targets (Morgan Stanley, Keefe Bruyette & Woods), and the consensus rating is a Hold with an average target of $26.50 (3 buys, 4 holds, 1 sell).
• Shares fell about 5% to $18.43 despite a quarterly beat (EPS $0.30 vs. $0.16, revenue $70.26M vs. $60.81M), and several institutional investors materially increased their stakes.

TWFG (NASDAQ:TWFG - Get Free Report) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $27.00 to $24.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 30.22% from the stock's previous close.

A number of other research firms also recently weighed in on TWFG. Keefe, Bruyette & Woods reduced their price target on TWFG from $31.00 to $25.00 and set a "market perform" rating for the company in a research report on Tuesday. Morgan Stanley reduced their price target on TWFG from $28.00 to $24.00 and set an "equal weight" rating for the company in a research report on Monday. Wall Street Zen raised TWFG from a "hold" rating to a "buy" rating in a research report on Monday. UBS Group reduced their price target on TWFG from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of TWFG in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TWFG currently has an average rating of "Hold" and a consensus target price of $26.50.

TWFG Stock Down 5.0%

NASDAQ:TWFG traded down $0.97 during trading hours on Thursday, reaching $18.43. 163,187 shares of the stock were exchanged, compared to its average volume of 223,134. TWFG has a twelve month low of $16.56 and a twelve month high of $36.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 107.86 and a quick ratio of 107.86. The firm has a 50 day moving average of $19.97 and a 200 day moving average of $24.61. The stock has a market cap of $1.04 billion, a PE ratio of 36.14 and a beta of 0.57.

TWFG (NASDAQ:TWFG - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.14. TWFG had a return on equity of 13.51% and a net margin of 3.11%.The firm had revenue of $70.26 million during the quarter, compared to the consensus estimate of $60.81 million. On average, equities analysts expect that TWFG will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On TWFG

Several large investors have recently made changes to their positions in TWFG. Capital International Investors boosted its holdings in shares of TWFG by 114.4% in the 4th quarter. Capital International Investors now owns 958,490 shares of the company's stock valued at $27,576,000 after buying an additional 511,469 shares during the last quarter. Central Securities Corp acquired a new stake in shares of TWFG in the 3rd quarter valued at approximately $12,348,000. Riverbridge Partners LLC boosted its holdings in shares of TWFG by 57.6% in the 3rd quarter. Riverbridge Partners LLC now owns 542,661 shares of the company's stock valued at $14,891,000 after buying an additional 198,394 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in TWFG by 179.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company's stock valued at $7,358,000 after purchasing an additional 164,355 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in TWFG by 57.4% during the 3rd quarter. Victory Capital Management Inc. now owns 351,478 shares of the company's stock valued at $9,645,000 after purchasing an additional 128,180 shares during the last quarter.

About TWFG

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.

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