TWFG (NASDAQ:TWFG) Shares Up 1.6% - Still a Buy?

TWFG, Inc. (NASDAQ:TWFG - Get Free Report)'s stock price 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 mid-day trading, a decline of 46% from the average session volume of 94,748 shares. The stock had previously closed at $30.52.

Analyst Ratings Changes

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

TWFG Stock Up 1.6%

The company has a quick ratio of 124.50, a current ratio of 124.50 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.74 billion and a price-to-earnings ratio of 2.88. The stock's fifty day moving average price is $34.40 and its 200-day moving average price is $31.97.

Institutional Trading of TWFG

A number of hedge funds and other institutional investors have recently made changes to their positions in TWFG. Tower Research Capital LLC TRC raised its holdings in shares of TWFG by 273.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock valued at $100,000 after purchasing an additional 2,368 shares during the last quarter. State of Wyoming bought a new position in shares of TWFG in the first quarter valued at $113,000. Quantbot Technologies LP grew its stake in shares of TWFG by 57.8% in the fourth quarter. Quantbot Technologies LP now owns 5,407 shares of the company's stock valued at $167,000 after buying an additional 1,981 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of TWFG in the fourth quarter valued at $211,000. Finally, Walleye Capital LLC bought a new position in shares of TWFG in the first quarter valued at $263,000.

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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