TWFG (NASDAQ:TWFG) Given New $26.00 Price Target at Keefe, Bruyette & Woods

TWFG (NASDAQ:TWFG) had its price objective raised by Keefe, Bruyette & Woods from $23.00 to $26.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

Several other research analysts also recently issued reports on the stock. Zacks Research upgraded shares of TWFG from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. UBS Group increased their target price on shares of TWFG from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen downgraded TWFG from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Truist Financial set a $23.00 price target on TWFG in a research note on Monday, June 8th. Finally, JPMorgan Chase & Co. cut their price target on TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.86.

TWFG Stock Up 0.3%

NASDAQ TWFG opened at $26.10 on Wednesday. TWFG has a 12 month low of $16.56 and a 12 month high of $34.75. The company has a market capitalization of $1.41 billion, a P/E ratio of 48.33 and a beta of 0.21. The company’s 50 day simple moving average is $20.69 and its 200 day simple moving average is $21.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The company had revenue of $72.84 million during the quarter, compared to analyst estimates of $67.67 million. Equities research analysts expect that TWFG will post 0.97 earnings per share for the current fiscal year.

Insider Buying and Selling at TWFG

In related news, Director Michael Doak bought 24,880 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of $18.62 per share, with a total value of $463,265.60. Following the completion of the purchase, the director owned 668,398 shares of the company’s stock, valued at $12,445,570.76. This represents a 3.87% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders acquired 160,852 shares of company stock valued at $3,034,663. Corporate insiders own 68.44% of the company’s stock.

Institutional Investors Weigh In On TWFG

A number of hedge funds and other institutional investors have recently bought and sold shares of TWFG. Quantbot Technologies LP raised its holdings in shares of TWFG by 52.5% in the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of TWFG during the 2nd quarter worth about $1,219,000. Bank of America Corp DE grew its holdings in shares of TWFG by 287.2% in the 2nd quarter. Bank of America Corp DE now owns 50,618 shares of the company’s stock valued at $1,772,000 after acquiring an additional 37,546 shares in the last quarter. Bamco Inc. NY increased its position in shares of TWFG by 3.9% in the second quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock valued at $31,572,000 after acquiring an additional 34,237 shares during the last quarter. Finally, Boothbay Fund Management LLC increased its position in shares of TWFG by 225.5% in the second quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company’s stock valued at $1,447,000 after acquiring an additional 28,634 shares during the last quarter.

About TWFG

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.