TWFG (NASDAQ:TWFG) Given New $30.00 Price Target at Royal Bank of Canada

TWFG (NASDAQ:TWFG - Get Free Report) had its price target increased by stock analysts at Royal Bank of Canada from $29.00 to $30.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank of Canada's price target would suggest a potential upside of 9.73% from the stock's previous close.

Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods began coverage on TWFG in a research note on Monday, August 12th. They issued a "market perform" rating and a $27.00 target price for the company. Morgan Stanley began coverage on TWFG in a research report on Monday, August 12th. They set an "equal weight" rating and a $23.00 price objective for the company. UBS Group started coverage on TWFG in a research report on Monday, August 12th. They set a "buy" rating and a $29.00 price objective for the company. BMO Capital Markets restated an "outperform" rating and set a $30.00 target price on shares of TWFG in a report on Wednesday. Finally, Piper Sandler started coverage on TWFG in a report on Monday, August 12th. They set an "overweight" rating and a $27.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, TWFG has an average rating of "Moderate Buy" and a consensus price target of $27.50.

TWFG Stock Up 3.2 %

Shares of TWFG traded up $0.86 during midday trading on Thursday, reaching $27.34. The company had a trading volume of 47,156 shares, compared to its average volume of 218,892. TWFG has a 1-year low of $21.31 and a 1-year high of $27.92.

Insider Activity

In related news, CEO Richard F. Bunch III acquired 17,550 shares of the firm's stock in a transaction dated Friday, July 19th. The stock was acquired at an average price of $17.00 per share, for a total transaction of $298,350.00. Following the purchase, the chief executive officer now owns 695,925 shares of the company's stock, valued at approximately $11,830,725. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other TWFG news, Director Janet S. Wong purchased 2,500 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average cost of $17.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the director now directly owns 6,029 shares of the company's stock, valued at approximately $102,493. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard F. Bunch III purchased 17,550 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was acquired at an average cost of $17.00 per share, with a total value of $298,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 695,925 shares of the company's stock, valued at $11,830,725. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 30,300 shares of company stock worth $515,100.

TWFG Company Profile

We are a leading, high-growth, independent distribution platform for personal and commercial insurance in the United States. We are pioneers in the insurance industry, developing an agency model built on innovation and experience with what we believe is a more flexible approach than traditional distribution models.