TWFG (NASDAQ:TWFG) Trading 1.6% Higher - Here's What Happened

Key Points

• TWFG, Inc. shares increased by 1.6%, reaching a price of $31.00 after trading as high as $31.48.
• Analysts have varying opinions, with targets ranging from $32.00 to $42.00, and a consensus rating of "Moderate Buy."
• The company's market capitalization stands at $1.74 billion, with a notable price-to-earnings ratio of 2.88.

Shares of TWFG, Inc. (NASDAQ:TWFG - Get Free Report) shot up 1.6% on Friday . The company traded as high as $31.48 and last traded at $31.00. 50,770 shares changed hands during trading, a decline of 46% from the average session volume of 94,748 shares. The stock had previously closed at $30.52.

Wall Street Analysts Forecast Growth

TWFG has been the subject of a number of research analyst reports. UBS Group lifted their target price on TWFG from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Morgan Stanley lifted their target price on TWFG from $29.00 to $34.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. lifted their target price on TWFG from $33.00 to $34.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods lowered their target price on TWFG from $33.00 to $32.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, TWFG presently has a consensus rating of "Moderate Buy" and an average target price of $35.57.

TWFG Stock Down 0.4%

The company has a 50-day moving average price of $34.35 and a 200 day moving average price of $32.05. The firm has a market capitalization of $1.74 billion and a PE ratio of 2.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 124.50 and a quick ratio of 124.50.

Hedge Funds Weigh In On TWFG

Large investors have recently made changes to their positions in the business. Quantbot Technologies LP increased its holdings in shares of TWFG by 57.8% in the fourth quarter. Quantbot Technologies LP now owns 5,407 shares of the company's stock worth $167,000 after purchasing an additional 1,981 shares during the last quarter. Sei Investments Co. increased its holdings in shares of TWFG by 56.4% in the fourth quarter. Sei Investments Co. now owns 13,157 shares of the company's stock worth $405,000 after purchasing an additional 4,747 shares during the last quarter. LPL Financial LLC increased its holdings in shares of TWFG by 13.0% in the fourth quarter. LPL Financial LLC now owns 31,171 shares of the company's stock worth $960,000 after purchasing an additional 3,585 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of TWFG by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 616,899 shares of the company's stock worth $19,000,000 after purchasing an additional 32,382 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of TWFG in the fourth quarter worth about $410,000.

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.