TWFG (NASDAQ:TWFG) Price Target Raised to $42.00

TWFG (NASDAQ:TWFG - Free Report) had its target price upped by UBS Group from $40.00 to $42.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

TWFG has been the topic of several other reports. Keefe, Bruyette & Woods dropped their price objective on TWFG from $33.00 to $32.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price objective on TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Finally, Morgan Stanley lifted their price objective on TWFG from $29.00 to $34.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.57.

TWFG Stock Performance

Shares of TWFG stock traded down $0.37 on Wednesday, hitting $33.47. The company had a trading volume of 3,076 shares, compared to its average volume of 141,911. The firm has a market cap of $1.88 billion and a P/E ratio of 3.11. TWFG has a twelve month low of $21.31 and a twelve month high of $36.85. The company has a 50-day moving average price of $34.46 and a 200-day moving average price of $31.71. The company has a quick ratio of 124.50, a current ratio of 124.50 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its holdings in shares of TWFG by 176.4% during the 1st quarter. Acadian Asset Management LLC now owns 68,211 shares of the company's stock worth $2,105,000 after purchasing an additional 43,535 shares during the last quarter. Ascent Group LLC increased its stake in shares of TWFG by 131.0% in the 1st quarter. Ascent Group LLC now owns 43,883 shares of the company's stock worth $1,356,000 after acquiring an additional 24,887 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in TWFG by 15.7% in the 1st quarter. Alliancebernstein L.P. now owns 1,170,377 shares of the company's stock valued at $36,176,000 after purchasing an additional 159,155 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in TWFG by 15.5% in the 1st quarter. Alyeska Investment Group L.P. now owns 263,324 shares of the company's stock valued at $8,139,000 after purchasing an additional 35,357 shares during the last quarter. Finally, PDT Partners LLC boosted its holdings in TWFG by 4.3% in the 1st quarter. PDT Partners LLC now owns 16,887 shares of the company's stock valued at $522,000 after purchasing an additional 692 shares during the last quarter.

TWFG Company Profile

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.