TWFG, Inc.’s (NASDAQ:TWFG) Lock-Up Period To End Tomorrow

TWFG’s (NASDAQ:TWFG) lock-up period will end on Tuesday, January 14th. TWFG had issued 11,000,000 shares in its IPO on July 18th. The total size of the offering was $187,000,000 based on an initial share price of $17.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Royal Bank of Canada upped their price target on TWFG from $30.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $33.00 target price (up previously from $30.00) on shares of TWFG in a report on Friday, January 3rd. Finally, Piper Sandler increased their target price on TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.86.

TWFG Stock Performance

Shares of TWFG stock opened at $28.84 on Monday. The firm’s 50-day simple moving average is $31.42. 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.

Hedge Funds Weigh In On TWFG

Hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in TWFG in the third quarter worth about $93,000. Emerald Mutual Fund Advisers Trust acquired a new position in TWFG in the third quarter worth about $133,000. Maven Securities LTD bought a new position in TWFG in the third quarter worth about $280,000. Franklin Resources Inc. bought a new position in TWFG in the third quarter worth about $293,000. Finally, Symphony Financial Ltd. Co. bought a new position in TWFG in the third quarter worth about $310,000.

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.