TWFG (NASDAQ:TWFG) Trading Up 8.2% - Should You 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 were up 8.2% on Monday . The stock traded as high as $27.61 and last traded at $27.95. Approximately 59,492 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 90,705 shares. The stock had previously closed at $25.83.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TWFG. UBS Group boosted their price target on shares of TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Piper Sandler reissued an "overweight" rating and issued a $32.00 target price (down from $38.00) on shares of TWFG in a research note on Thursday. JPMorgan Chase & Co. increased their target price on TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $34.86.

TWFG Price Performance

The company has a market cap of $1.60 billion and a P/E ratio of 69.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 124.50 and a current ratio of 105.86. The company has a fifty day moving average price of $32.48 and a two-hundred day moving average price of $31.89.

Institutional Trading of TWFG

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in shares of TWFG by 273.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock worth $100,000 after acquiring an additional 2,368 shares during the last quarter. State of Wyoming bought a new stake in TWFG during the first quarter worth about $113,000. Quantbot Technologies LP boosted its position in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company's stock worth $142,000 after acquiring an additional 1,395 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of TWFG during the 2nd quarter worth $155,000. Finally, Man Group plc bought a new position in shares of TWFG in the second quarter worth about $223,000.

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.