TWFG, Inc.'s (NASDAQ:TWFG) Lock-Up Period To Expire on January 14th

TWFG's (NASDAQ:TWFG - Get Free Report) lock-up period will end on Tuesday, January 14th. TWFG had issued 11,000,000 shares in its initial public offering on July 18th. The total size of the offering was $187,000,000 based on an initial share price of $17.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. restated a "neutral" rating and issued a $33.00 price target (up from $30.00) on shares of TWFG in a research note on Friday. DOWLING & PARTN upgraded shares of TWFG to a "hold" rating in a report on Wednesday, September 11th. Keefe, Bruyette & Woods increased their price target on shares of TWFG from $28.00 to $33.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler boosted their price objective on shares of TWFG from $30.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada lifted their price target on TWFG from $30.00 to $38.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.86.

TWFG Stock Performance

NASDAQ:TWFG traded down $0.37 during mid-day trading on Tuesday, hitting $28.17. 161,135 shares of the stock were exchanged, compared to its average volume of 128,809. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02. The stock's 50-day moving average price is $31.78. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $36.50.

Institutional Trading of TWFG

A number of institutional investors have recently modified their holdings of the stock. FMR LLC bought a new stake in TWFG during the third quarter worth about $34,942,000. Lord Abbett & CO. LLC bought a new stake in shares of TWFG during the 3rd quarter worth approximately $8,122,000. Geode Capital Management LLC acquired a new stake in shares of TWFG during the 3rd quarter worth approximately $3,699,000. Seven Grand Managers LLC bought a new position in TWFG in the third quarter valued at approximately $814,000. Finally, Franklin Resources Inc. acquired a new position in TWFG during the third quarter valued at approximately $293,000.

TWFG Company Profile

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.