TWFG (NASDAQ:TWFG) Price Target Raised to $37.00 at Piper Sandler

TWFG (NASDAQ:TWFG) had its target price lifted by Piper Sandler from $30.00 to $37.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada upped their target price on shares of TWFG from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Morgan Stanley started coverage on TWFG in a research report on Monday, August 12th. They set an “equal weight” rating and a $23.00 target price on the stock. DOWLING & PARTN upgraded TWFG to a “hold” rating in a research note on Wednesday, September 11th. BMO Capital Markets restated an “outperform” rating and set a $30.00 price objective on shares of TWFG in a research note on Wednesday, August 28th. Finally, William Blair started coverage on TWFG in a research report on Wednesday, August 21st. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.43.

TWFG Price Performance

NASDAQ:TWFG opened at $30.87 on Monday. TWFG has a 12 month low of $21.31 and a 12 month high of $36.50. The firm has a 50-day moving average of $29.50. 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 (NASDAQ:TWFG) last announced its earnings results on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $54.64 million for the quarter, compared to analysts’ expectations of $52.62 million. As a group, equities research analysts predict that TWFG will post 0.49 EPS for the current year.

Institutional Investors Weigh In On TWFG

A number of institutional investors have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in TWFG in the third quarter worth $4,068,000. Quantbot Technologies LP acquired a new position in shares of TWFG in the 3rd quarter valued at about $93,000. FMR LLC bought a new stake in shares of TWFG during the 3rd quarter valued at about $34,942,000. Royce & Associates LP acquired a new stake in TWFG during the third quarter worth about $1,546,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in TWFG in the third quarter worth about $133,000.

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.