TWFG, Inc. (NASDAQ:TWFG) Given Average Recommendation of "Moderate Buy" by Analysts

TWFG, Inc. (NASDAQ:TWFG - Get Free Report) has been given an average rating of "Moderate Buy" by the nine research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $30.43.

Several equities analysts have recently issued reports on TWFG shares. William Blair started coverage on TWFG in a research note on Wednesday, August 21st. They set an "outperform" rating on the stock. UBS Group began coverage on TWFG in a research report on Monday, August 12th. They set a "buy" rating and a $29.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on shares of TWFG from $26.50 to $28.00 and gave the company an "overweight" rating in a report on Friday, August 30th. DOWLING & PARTN upgraded shares of TWFG to a "hold" rating in a research note on Wednesday, September 11th. Finally, Piper Sandler upped their price objective on shares of TWFG from $30.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday, November 11th.

TWFG Stock Performance

Shares of TWFG stock traded up $0.42 on Wednesday, hitting $32.68. 57,000 shares of the company traded hands, compared to its average volume of 153,656. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61. The company's 50-day simple moving average is $29.72. TWFG has a 12-month low of $21.31 and a 12-month high of $36.50.

TWFG (NASDAQ:TWFG - Get Free Report) last released its earnings results on Tuesday, August 27th. The company reported $14.89 earnings per share for the quarter, beating analysts' consensus estimates of $3.74 by $11.15. The company had revenue of $53.27 million during the quarter, compared to the consensus estimate of $51.86 million. On average, equities research analysts expect that TWFG will post 0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TWFG

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWFG. Seven Grand Managers LLC purchased a new position in shares of TWFG in the 3rd quarter worth $814,000. Symphony Financial Ltd. Co. purchased a new stake in shares of TWFG during the 3rd quarter valued at about $310,000. Emerald Mutual Fund Advisers Trust bought a new stake in TWFG during the third quarter valued at approximately $133,000. Royce & Associates LP bought a new stake in shares of TWFG during the 3rd quarter valued at $1,546,000. Finally, FMR LLC purchased a new stake in shares of TWFG in the 3rd quarter worth $34,942,000.

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.