Keefe, Bruyette & Woods Boosts TWFG (NASDAQ:TWFG) Price Target to $28.00

TWFG (NASDAQ:TWFG) had its price target increased by Keefe, Bruyette & Woods from $27.00 to $28.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other equities research analysts have also commented on TWFG. Piper Sandler began coverage on TWFG in a research report on Monday, August 12th. They set an overweight rating and a $27.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of TWFG from $26.50 to $28.00 and gave the company an overweight rating in a research note on Friday, August 30th. UBS Group assumed coverage on shares of TWFG in a report on Monday, August 12th. They issued a buy rating and a $29.00 price target for the company. Morgan Stanley initiated coverage on shares of TWFG in a report on Monday, August 12th. They set an equal weight rating and a $23.00 price objective on the stock. Finally, William Blair began coverage on shares of TWFG in a research note on Wednesday, August 21st. They issued an outperform rating for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $27.86.

TWFG Stock Performance

TWFG stock opened at $29.71 on Wednesday. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $31.91.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $14.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $11.15. The firm had revenue of $53.27 million during the quarter, compared to analyst estimates of $51.86 million. On average, sell-side analysts forecast that TWFG will post 0.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Janet S. Wong acquired 2,500 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was bought at an average price of $17.00 per share, for a total transaction of $42,500.00. Following the acquisition, the director now directly owns 6,029 shares of the company’s stock, valued at $102,493. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Janet S. Wong acquired 2,500 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were bought at an average price of $17.00 per share, for a total transaction of $42,500.00. Following the purchase, the director now directly owns 6,029 shares in the company, valued at approximately $102,493. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Katherine C. Nolan acquired 6,250 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was bought at an average cost of $17.00 per share, with a total value of $106,250.00. Following the acquisition, the chief operating officer now owns 94,485 shares in the company, valued at approximately $1,606,245. The disclosure for this purchase can be found here. Insiders have acquired 30,300 shares of company stock valued at $515,100 in the last three months.

About TWFG

We are a leading, high-growth, independent distribution platform for personal and commercial insurance in the United States. We are pioneers in the insurance industry, developing an agency model built on innovation and experience with what we believe is a more flexible approach than traditional distribution models.