TWFG (NASDAQ:TWFG) Price Target Raised to $32.00 at BMO Capital Markets

TWFG (NASDAQ:TWFG) had its target price lifted by BMO Capital Markets from $30.00 to $32.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 0.76% from the company’s previous close.

A number of other research analysts have also commented on the company. Piper Sandler raised their price target on TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Royal Bank of Canada raised their price objective on shares of TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $33.00 price target (up from $30.00) on shares of TWFG in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.14.

TWFG Price Performance

Shares of NASDAQ:TWFG traded up $0.03 during trading hours on Tuesday, hitting $32.25. The stock had a trading volume of 17,852 shares, compared to its average volume of 79,307. The stock’s fifty day simple moving average is $29.78 and its 200 day simple moving average is $29.89. 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 has a 1-year low of $21.31 and a 1-year high of $36.50.

Institutional Investors Weigh In On TWFG

Several large investors have recently modified their holdings of TWFG. Venturi Wealth Management LLC acquired a new stake in TWFG during the 4th quarter valued at $86,000. Quantbot Technologies LP bought a new stake in TWFG during the 3rd quarter valued at approximately $93,000. Tower Research Capital LLC TRC raised its stake in TWFG by 273.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company’s stock valued at $100,000 after purchasing an additional 2,368 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of TWFG in the fourth quarter valued at about $211,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of TWFG in the 4th quarter worth approximately $244,000.

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.