TWFG, Inc. (NASDAQ:TWFG – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $26.69, but opened at $28.18. TWFG shares last traded at $27.5950, with a volume of 12,810 shares.
Analysts Set New Price Targets
A number of equities research analysts have commented on TWFG shares. UBS Group increased their price objective on shares of TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. boosted their target price on shares of TWFG from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Keefe, Bruyette & Woods increased their target price on TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Royal Bank Of Canada raised their price target on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Morgan Stanley raised TWFG from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $26.00 to $30.00 in a report on Wednesday, August 19th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.57.
Read Our Latest Stock Report on TWFG
TWFG Stock Performance
TWFG (NASDAQ:TWFG – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. TWFG had a net margin of 2.90% and a return on equity of 19.49%. The firm had revenue of $87.51 million for the quarter, compared to the consensus estimate of $77.34 million. As a group, sell-side analysts predict that TWFG, Inc. will post 1.09 earnings per share for the current fiscal year.
Institutional Trading of TWFG
Several institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of TWFG in the 2nd quarter valued at about $72,000. Giverny Capital Inc. increased its holdings in shares of TWFG by 18.2% in the 2nd quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock valued at $15,691,000 after acquiring an additional 100,345 shares during the period. Blalock Williams LLC raised its position in TWFG by 14.9% in the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock valued at $551,000 after purchasing an additional 2,978 shares during the last quarter. Symphony Financial Ltd. Co. raised its position in TWFG by 153.7% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock valued at $942,000 after purchasing an additional 23,682 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in TWFG during the 2nd quarter worth $327,000.
About TWFG
TWFG, Inc is an independent insurance distribution company that operates through a network of retail insurance agencies, affiliated agents and franchise locations. The company helps individuals and businesses obtain coverage from a range of insurance carriers rather than underwriting policies itself.
Its offerings include personal insurance products such as homeowners, automobile, renters and other property and casualty coverage. TWFG also provides commercial insurance solutions for businesses, as well as access to life, health and related insurance products.
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