Analysts Set TWFG, Inc. (NASDAQ:TWFG) PT at $33.71

TWFG, Inc. (NASDAQ:TWFG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $33.71.

A number of brokerages have recently issued reports on TWFG. Morgan Stanley increased their target price on TWFG from $29.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. BMO Capital Markets lifted their price target on shares of TWFG from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. upped their price target on TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods reduced their price objective on TWFG from $33.00 to $32.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th.

TWFG Stock Performance

Shares of NASDAQ:TWFG traded down $0.22 during trading on Friday, reaching $35.03. The company had a trading volume of 38,326 shares, compared to its average volume of 143,680. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61. The stock's fifty day moving average price is $32.92 and its 200 day moving average price is $31.32. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $36.85. The firm has a market capitalization of $1.96 billion and a price-to-earnings ratio of 3.25.

Hedge Funds Weigh In On TWFG

Several institutional investors have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd purchased a new position in TWFG during the fourth quarter worth approximately $244,000. ExodusPoint Capital Management LP grew its position in TWFG by 199.0% during the fourth quarter. ExodusPoint Capital Management LP now owns 99,122 shares of the company's stock valued at $3,053,000 after acquiring an additional 65,968 shares during the period. JPMorgan Chase & Co. acquired a new stake in TWFG during the fourth quarter worth about $410,000. Jane Street Group LLC purchased a new position in shares of TWFG in the 4th quarter worth about $351,000. Finally, Vanguard Group Inc. lifted its stake in shares of TWFG by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 616,899 shares of the company's stock valued at $19,000,000 after purchasing an additional 32,382 shares in the last quarter.

About TWFG

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers' compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.