TWFG (NASDAQ:TWFG) Price Target Raised to $28.00 at Keefe, Bruyette & Woods

TWFG (NASDAQ:TWFG - Free Report) had its target price increased by Keefe, Bruyette & Woods from $27.00 to $28.00 in a report released on Wednesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their price objective on TWFG from $26.50 to $28.00 and gave the company an overweight rating in a report on Friday, August 30th. BMO Capital Markets reissued an outperform rating and set a $30.00 price target on shares of TWFG in a research report on Wednesday, August 28th. Royal Bank of Canada lifted their price objective on shares of TWFG from $29.00 to $30.00 and gave the stock an outperform rating in a report on Thursday, August 29th. UBS Group started coverage on shares of TWFG in a report on Monday, August 12th. They set a buy rating and a $29.00 target price on the stock. Finally, Piper Sandler started coverage on shares of TWFG in a report on Monday, August 12th. They issued an overweight rating and a $27.00 price target for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $27.86.

TWFG Trading Up 1.0 %

Shares of TWFG stock traded up $0.29 on Wednesday, hitting $30.06. 97,392 shares of the company's stock traded hands, compared to its average volume of 208,412. TWFG has a 52-week low of $21.31 and a 52-week high of $31.29.

TWFG (NASDAQ:TWFG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 EPS for the quarter, beating analysts' consensus estimates of $3.74 by $11.15. The company had revenue of $53.27 million for the quarter, compared to the consensus estimate of $51.86 million. On average, analysts forecast that TWFG will post 0.56 earnings per share for the current year.

Insider Transactions at TWFG

In other news, COO Katherine C. Nolan acquired 6,250 shares of the business's stock in a transaction that occurred on Friday, July 19th. The shares were purchased at an average cost of $17.00 per share, for a total transaction of $106,250.00. Following the transaction, the chief operating officer now directly owns 94,485 shares in the company, valued at approximately $1,606,245. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TWFG news, CEO Richard F. Bunch III acquired 17,550 shares of the firm's 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 acquisition, the chief executive officer now directly owns 695,925 shares of the company's stock, valued at approximately $11,830,725. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Katherine C. Nolan bought 6,250 shares of the business's stock in a transaction on Friday, July 19th. The shares were acquired at an average cost of $17.00 per share, for a total transaction of $106,250.00. Following the purchase, the chief operating officer now directly owns 94,485 shares in the company, valued at $1,606,245. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 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.