Piper Sandler Issues Positive Forecast for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG - Get Free Report) had its price target increased by equities research analysts at Piper Sandler from $30.00 to $37.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's price objective suggests a potential upside of 8.86% from the stock's previous close.

A number of other brokerages also recently commented on TWFG. DOWLING & PARTN upgraded shares of TWFG to a "hold" rating in a research report on Wednesday, September 11th. Keefe, Bruyette & Woods increased their target price on shares of TWFG from $27.00 to $28.00 and gave the stock a "market perform" rating in a report on Wednesday, September 4th. UBS Group began 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. William Blair initiated coverage on TWFG in a report on Wednesday, August 21st. They issued an "outperform" rating for the company. Finally, Royal Bank of Canada upped their target price on TWFG from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $29.29.

TWFG Trading Up 1.9 %

NASDAQ TWFG traded up $0.62 on Monday, reaching $33.99. 105,889 shares of the company's stock traded hands, compared to its average volume of 158,278. The business has a 50 day moving average of $29.31. The company has a debt-to-equity ratio of 0.68, a current ratio of 33.76 and a quick ratio of 33.75. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $35.40.

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, topping analysts' consensus estimates of $3.74 by $11.15. The business had revenue of $53.27 million during the quarter, compared to analysts' expectations of $51.86 million. Research analysts forecast that TWFG will post 0.49 earnings per share for the current year.

Hedge Funds Weigh In On TWFG

Several institutional investors have recently bought and sold shares of TWFG. Seven Grand Managers LLC acquired a new stake in shares of TWFG in the third quarter valued at about $814,000. Symphony Financial Ltd. Co. acquired a new position in shares of TWFG in the 3rd quarter worth approximately $310,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of TWFG during the 3rd quarter worth about $133,000. Finally, Royce & Associates LP acquired a new position in shares of TWFG in the 3rd quarter worth approximately $1,546,000.

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.