TWFG (NASDAQ:TWFG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan raised TWFG’s price target to $28 from $27 while maintaining a “neutral” rating, implying about 2.17% upside from the reported share price.
• Analyst sentiment is mixed but leans positive: TWFG has a consensus “Moderate Buy” rating, with an average price target of $29.57 based on four Buy and four Hold ratings.
• TWFG exceeded quarterly expectations, reporting EPS of $0.38 versus $0.26 expected and revenue of $87.51 million versus the $77.34 million consensus estimate. Shares traded at $27.40, while insiders and several institutions have increased their holdings.

TWFG (NASDAQ:TWFG - Get Free Report) had its price target upped by investment analysts at JPMorgan Chase & Co. from $27.00 to $28.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 2.17% from the stock's current price.

TWFG has been the topic of a number of other reports. Wall Street Zen cut TWFG from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Piper Sandler lifted their price target on shares of TWFG from $22.00 to $29.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Weiss Ratings raised shares of TWFG from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 13th. Keefe, Bruyette & Woods increased their price objective on shares of TWFG from $26.00 to $29.00 and gave the company a "market perform" rating in a research note on Wednesday, August 12th. Finally, Zacks Research downgraded shares of TWFG from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.57.

TWFG Price Performance

Shares of NASDAQ TWFG traded up $0.62 during mid-day trading on Wednesday, hitting $27.40. The company had a trading volume of 103,983 shares, compared to its average volume of 216,454. The business's 50-day simple moving average is $25.25 and its 200-day simple moving average is $21.55. TWFG has a 12 month low of $16.56 and a 12 month high of $29.99. The firm has a market cap of $1.48 billion, a P/E ratio of 46.50 and a beta of 0.15.

TWFG (NASDAQ:TWFG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. The firm had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million. TWFG had a return on equity of 19.49% and a net margin of 2.90%. As a group, sell-side analysts predict that TWFG will post 1.04 EPS for the current year.

Insider Buying and Selling

In other news, Director Michael Doak acquired 24,880 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were purchased at an average cost of $18.62 per share, with a total value of $463,265.60. Following the completion of the purchase, the director owned 668,398 shares of the company's stock, valued at $12,445,570.76. This represents a 3.87% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 145,107 shares of company stock valued at $2,738,814 in the last quarter. 68.44% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital International Investors grew its holdings in TWFG by 114.4% during the 4th quarter. Capital International Investors now owns 958,490 shares of the company's stock worth $27,576,000 after acquiring an additional 511,469 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of TWFG by 179.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company's stock worth $7,358,000 after acquiring an additional 164,355 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of TWFG by 57.4% in the third quarter. Victory Capital Management Inc. now owns 351,478 shares of the company's stock worth $9,645,000 after acquiring an additional 128,180 shares during the last quarter. Giverny Capital Inc. lifted its position in shares of TWFG by 68.9% during the third quarter. Giverny Capital Inc. now owns 300,317 shares of the company's stock worth $8,241,000 after purchasing an additional 122,469 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of TWFG by 201.9% during the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company's stock worth $2,176,000 after purchasing an additional 79,127 shares in the last quarter.

TWFG Company Profile

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.

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