TWFG (NASDAQ:TWFG) Given New $30.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reduced its price target for TWFG from $35.00 to $30.00, maintaining a "neutral" rating, which suggests a potential upside of 9.47% from the current stock price.
• Other analysts have similarly adjusted their price targets, with Morgan Stanley and Piper Sandler both setting targets at $30.00 and $32.00 respectively, indicating a trend of lowered expectations.
• The average target price for TWFG among analysts is $33.29, with four analysts rating the stock as a Buy, three as Hold, and one as Sell.

TWFG (NASDAQ:TWFG - Get Free Report) had its price target decreased by JPMorgan Chase & Co. from $35.00 to $30.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 9.47% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley dropped their price target on shares of TWFG from $32.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday. Weiss Ratings reiterated a "sell (d)" rating on shares of TWFG in a research report on Wednesday. Piper Sandler dropped their price target on shares of TWFG from $38.00 to $32.00 and set an "overweight" rating for the company in a research report on Thursday, August 14th. Finally, UBS Group dropped their price target on shares of TWFG from $42.00 to $39.00 and set a "buy" rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, TWFG has a consensus rating of "Hold" and an average target price of $33.29.

TWFG Price Performance

Shares of NASDAQ TWFG traded down $0.10 during midday trading on Thursday, reaching $27.41. The company's stock had a trading volume of 8,579 shares, compared to its average volume of 107,788. The company has a debt-to-equity ratio of 0.01, a quick ratio of 105.86 and a current ratio of 105.86. TWFG has a fifty-two week low of $23.52 and a fifty-two week high of $36.85. The business's 50 day moving average price is $27.05 and its two-hundred day moving average price is $30.95. The company has a market cap of $1.54 billion, a P/E ratio of 66.84 and a beta of 0.31.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TWFG. Nuveen LLC acquired a new position in TWFG during the first quarter valued at approximately $15,501,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of TWFG by 28.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company's stock worth $61,470,000 after buying an additional 434,997 shares in the last quarter. Riverbridge Partners LLC acquired a new position in shares of TWFG during the second quarter worth $12,049,000. Victory Capital Management Inc. acquired a new position in shares of TWFG during the first quarter worth $6,784,000. Finally, Giverny Capital Inc. acquired a new position in shares of TWFG during the second quarter worth $6,225,000.

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.

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