TWFG (NASDAQ:TWFG) Price Target Raised to $38.00 at Royal Bank of Canada

TWFG (NASDAQ:TWFGGet Free Report) had its target price upped by research analysts at Royal Bank of Canada from $30.00 to $38.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 24.47% from the stock’s current price.

Several other research firms have also recently commented on TWFG. UBS Group started coverage on shares of TWFG in a report on Monday, August 12th. They set a “buy” rating and a $29.00 price target for the company. JPMorgan Chase & Co. lifted their price target on TWFG from $26.50 to $28.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Keefe, Bruyette & Woods increased their price objective on TWFG from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. William Blair initiated coverage on TWFG in a research note on Wednesday, August 21st. They set an “outperform” rating for the company. Finally, DOWLING & PARTN upgraded shares of TWFG to a “hold” rating in a research note on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, TWFG currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.43.

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TWFG Trading Down 3.4 %

Shares of TWFG stock traded down $1.08 during trading hours on Thursday, reaching $30.53. The stock had a trading volume of 45,827 shares, compared to its average volume of 156,935. The company has a debt-to-equity ratio of 0.68, a quick ratio of 33.75 and a current ratio of 33.76. TWFG has a twelve month low of $21.31 and a twelve month high of $36.50. The company’s 50 day simple moving average is $29.50.

TWFG (NASDAQ:TWFGGet Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $54.64 million during the quarter, compared to analyst estimates of $52.62 million. As a group, equities analysts predict that TWFG will post 0.49 earnings per share for the current fiscal year.

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 purchased a new stake in shares of TWFG during the 3rd quarter worth approximately $93,000. Emerald Mutual Fund Advisers Trust acquired a new position in TWFG during the third quarter worth $133,000. Symphony Financial Ltd. Co. acquired a new stake in TWFG in the third quarter valued at $310,000. Seven Grand Managers LLC acquired a new stake in TWFG in the third quarter valued at $814,000. Finally, Royce & Associates LP acquired a new position in shares of TWFG during the 3rd quarter worth $1,546,000.

About TWFG

(Get Free Report)

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.

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