Brokerages Set TWFG, Inc. (NASDAQ:TWFG) Price Target at $33.71

Shares of TWFG, Inc. (NASDAQ:TWFG) have been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $33.71.

TWFG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price target on TWFG from $33.00 to $32.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets increased their price target on TWFG from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Morgan Stanley increased their price target on TWFG from $29.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. increased their price target on TWFG from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, May 19th.

Hedge Funds Weigh In On TWFG

Several hedge funds and other institutional investors have recently made changes to their positions in TWFG. Venturi Wealth Management LLC purchased a new position in shares of TWFG in the fourth quarter valued at approximately $86,000. Alberta Investment Management Corp lifted its position in shares of TWFG by 4.4% in the fourth quarter. Alberta Investment Management Corp now owns 124,462 shares of the company’s stock valued at $3,833,000 after acquiring an additional 5,215 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in TWFG during the fourth quarter worth approximately $244,000. Quantbot Technologies LP lifted its position in TWFG by 57.8% during the fourth quarter. Quantbot Technologies LP now owns 5,407 shares of the company’s stock worth $167,000 after buying an additional 1,981 shares in the last quarter. Finally, Sei Investments Co. lifted its position in TWFG by 56.4% during the fourth quarter. Sei Investments Co. now owns 13,157 shares of the company’s stock worth $405,000 after buying an additional 4,747 shares in the last quarter.

TWFG Stock Performance

Shares of TWFG stock opened at $35.78 on Friday. The company has a market capitalization of $2.01 billion and a P/E ratio of 3.32. The business’s 50 day moving average is $33.01 and its two-hundred day moving average is $31.34. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02. TWFG has a 12-month low of $21.31 and a 12-month high of $36.85.

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.