TWFG, Inc. (NASDAQ:TWFG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

TWFG, Inc. (NASDAQ:TWFG) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.14.

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on TWFG from $26.50 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. William Blair assumed coverage on TWFG in a report on Wednesday, August 21st. They set an “outperform” rating for the company. Keefe, Bruyette & Woods upped their target price on TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. BMO Capital Markets reissued an “outperform” rating and set a $30.00 price target on shares of TWFG in a research report on Wednesday, August 28th. Finally, DOWLING & PARTN raised shares of TWFG to a “hold” rating in a report on Wednesday, September 11th.

Institutional Trading of TWFG

A number of hedge funds have recently added to or reduced their stakes in TWFG. FMR LLC acquired a new position in shares of TWFG in the third quarter worth about $34,942,000. Bamco Inc. NY purchased a new position in shares of TWFG in the 3rd quarter valued at about $19,764,000. Lord Abbett & CO. LLC acquired a new position in TWFG in the 3rd quarter worth about $8,122,000. Zimmer Partners LP acquired a new position in TWFG in the 3rd quarter worth about $4,109,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in TWFG during the third quarter worth approximately $4,068,000.

TWFG Stock Up 1.7 %

NASDAQ TWFG opened at $30.81 on Friday. TWFG has a 12-month low of $21.31 and a 12-month high of $36.50. The business has a fifty day moving average of $31.87. 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 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.