TWFG (NASDAQ:TWFG) Shares Up 8.2% - Time to Buy?

Key Points

• TWFG shares increased by 8.2%, closing at $27.95 after trading as high as $27.61, despite a 34% drop in trading volume compared to the average.
• Analysts have set new price targets, with UBS increasing its target from $40.00 to $42.00, indicating a strong buy sentiment for the stock.
• Institutional investors are actively investing in TWFG, with notable purchases from firms like Nuveen LLC and T. Rowe Price Investment Management, indicating growing confidence in the company's stock.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report) shares shot up 8.2% during trading on Monday . The company traded as high as $27.61 and last traded at $27.95. 59,492 shares were traded during trading, a decline of 34% from the average session volume of 90,705 shares. The stock had previously closed at $25.83.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TWFG shares. UBS Group increased their price objective on shares of TWFG from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Finally, Morgan Stanley increased their price objective on shares of TWFG from $29.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.57.

TWFG Stock Performance

The company's fifty day moving average is $33.23 and its 200 day moving average is $31.99. The company has a market capitalization of $1.52 billion and a P/E ratio of 2.52. The company has a current ratio of 124.50, a quick ratio of 124.50 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TWFG. Nuveen LLC bought a new position in TWFG in the 1st quarter valued at $15,501,000. T. Rowe Price Investment Management Inc. raised its position in shares of TWFG by 28.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company's stock valued at $61,470,000 after buying an additional 434,997 shares in the last quarter. Riverbridge Partners LLC purchased a new stake in shares of TWFG during the 2nd quarter valued at $12,049,000. Victory Capital Management Inc. purchased a new stake in shares of TWFG during the 1st quarter valued at $6,784,000. Finally, Capital International Investors raised its position in shares of TWFG by 30.8% during the 4th quarter. Capital International Investors now owns 878,807 shares of the company's stock valued at $27,067,000 after buying an additional 206,969 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.

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