JPMorgan Chase & Co. Issues Pessimistic Forecast for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its target price cut by JPMorgan Chase & Co. from $27.00 to $24.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 33.93% from the stock’s current price.

TWFG has been the topic of a number of other research reports. Keefe, Bruyette & Woods reduced their price objective on TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a research note on Tuesday. Piper Sandler cut their price target on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Zacks Research raised shares of TWFG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. Finally, Morgan Stanley lowered their price objective on shares of TWFG from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.50.

TWFG Price Performance

Shares of NASDAQ:TWFG opened at $17.92 on Thursday. The company has a quick ratio of 107.86, a current ratio of 107.86 and a debt-to-equity ratio of 0.01. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $36.85. The firm has a 50-day simple moving average of $19.71 and a 200 day simple moving average of $24.51. The company has a market cap of $1.01 billion, a PE ratio of 35.14 and a beta of 0.57.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $70.26 million for the quarter, compared to analysts’ expectations of $60.81 million. TWFG had a return on equity of 13.51% and a net margin of 3.11%. On average, sell-side analysts anticipate that TWFG will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Central Securities Corp bought a new position in shares of TWFG during the 3rd quarter valued at approximately $12,348,000. Ascent Group LLC lifted its stake in shares of TWFG by 86.2% during the 3rd quarter. Ascent Group LLC now owns 90,402 shares of the company’s stock valued at $2,481,000 after buying an additional 41,855 shares in the last quarter. Bamco Inc. NY lifted its stake in shares of TWFG by 5.8% during the 3rd quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock valued at $26,181,000 after buying an additional 52,067 shares in the last quarter. Riverbridge Partners LLC lifted its holdings in TWFG by 57.6% in the 3rd quarter. Riverbridge Partners LLC now owns 542,661 shares of the company’s stock worth $14,891,000 after purchasing an additional 198,394 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of TWFG by 8.7% during the 3rd quarter. TD Asset Management Inc now owns 62,362 shares of the company’s stock worth $1,711,000 after acquiring an additional 4,968 shares in the last quarter.

TWFG Company Profile

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.