TWFG (NASDAQ:TWFG) PT Raised to $28.00 at JPMorgan Chase & Co.

TWFG (NASDAQ:TWFG - Free Report) had its price target increased by JPMorgan Chase & Co. from $26.50 to $28.00 in a research report report published on Friday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. UBS Group started coverage on shares of TWFG in a research report on Monday, August 12th. They set a buy rating and a $29.00 target price for the company. Piper Sandler began coverage on TWFG in a report on Monday, August 12th. They set an overweight rating and a $27.00 price objective for the company. Royal Bank of Canada raised their target price on TWFG from $29.00 to $30.00 and gave the company an outperform rating in a report on Thursday. Keefe, Bruyette & Woods began coverage on TWFG in a report on Monday, August 12th. They set a market perform rating and a $27.00 price target for the company. Finally, Morgan Stanley initiated coverage on TWFG in a research report on Monday, August 12th. They issued an equal weight rating and a $23.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $27.71.

TWFG Stock Up 4.9 %

TWFG stock traded up $1.33 during trading on Friday, reaching $28.67. 98,775 shares of the stock were exchanged, compared to its average volume of 215,019. TWFG has a twelve month low of $21.31 and a twelve month high of $28.98.

TWFG (NASDAQ:TWFG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $14.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $11.15. The business had revenue of $53.27 million during the quarter, compared to analyst estimates of $51.86 million. On average, sell-side analysts expect that TWFG will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Janet S. Wong purchased 2,500 shares of the business's stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average cost of $17.00 per share, with a total value of $42,500.00. Following the acquisition, the director now owns 6,029 shares of the company's stock, valued at $102,493. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Janet S. Wong bought 2,500 shares of TWFG stock in a transaction dated 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 transaction, the director now directly owns 6,029 shares of the company's stock, valued at $102,493. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Katherine C. Nolan purchased 6,250 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was bought at an average cost of $17.00 per share, for a total transaction of $106,250.00. Following the acquisition, the chief operating officer now directly owns 94,485 shares in the company, valued at approximately $1,606,245. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 30,300 shares of company stock worth $515,100.

About TWFG

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.