JPMorgan Chase & Co. Reaffirms Neutral Rating for TWFG (NASDAQ:TWFG)

JPMorgan Chase & Co. reiterated their neutral rating on shares of TWFG (NASDAQ:TWFG - Free Report) in a research note published on Friday morning, Marketbeat reports. JPMorgan Chase & Co. currently has a $33.00 target price on the stock, up from their prior target price of $30.00.

Several other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of TWFG from $28.00 to $33.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. DOWLING & PARTN raised shares of TWFG to a "hold" rating in a report on Wednesday, September 11th. Piper Sandler upped their price objective on shares of TWFG from $30.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada raised their target price on TWFG from $30.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.86.

TWFG Trading Down 1.0 %

TWFG stock traded down $0.30 during trading on Friday, hitting $29.70. 118,412 shares of the company traded hands, compared to its average volume of 120,056. The stock has a 50-day moving average of $31.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61. TWFG has a 1 year low of $21.31 and a 1 year high of $36.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC bought a new stake in TWFG during the third quarter worth about $8,122,000. Franklin Resources Inc. purchased a new position in shares of TWFG during the third quarter valued at approximately $293,000. Geode Capital Management LLC bought a new stake in shares of TWFG in the 3rd quarter worth approximately $3,699,000. Zimmer Partners LP purchased a new stake in shares of TWFG in the 3rd quarter worth approximately $4,109,000. Finally, Soros Fund Management LLC bought a new position in TWFG during the 3rd quarter valued at approximately $2,712,000.

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.