Royal Bank of Canada Issues Positive Forecast for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its price objective upped by Royal Bank of Canada from $30.00 to $38.00 in a research report sent to investors on Thursday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other analysts have also issued reports about the stock. BMO Capital Markets reiterated an “outperform” rating and set a $30.00 target price on shares of TWFG in a research report on Wednesday, August 28th. DOWLING & PARTN raised TWFG to a “hold” rating in a report on Wednesday, September 11th. UBS Group assumed coverage on TWFG in a report on Monday, August 12th. They issued a “buy” rating and a $29.00 target price for the company. JPMorgan Chase & Co. boosted their price target on TWFG from $26.50 to $28.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Finally, Keefe, Bruyette & Woods increased their price objective on TWFG from $27.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, TWFG has an average rating of “Moderate Buy” and an average target price of $30.43.

TWFG Stock Performance

Shares of TWFG opened at $31.14 on Thursday. The firm’s 50-day moving average price is $29.53. The company has a debt-to-equity ratio of 0.02, a quick ratio of 33.75 and a current ratio of 122.61. TWFG has a 12-month low of $21.31 and a 12-month high of $36.50.

TWFG (NASDAQ:TWFG) last issued its earnings results on Tuesday, August 27th. The company reported $14.89 EPS for the quarter, beating analysts’ consensus estimates 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. Equities analysts predict that TWFG will post 0.49 EPS for the current year.

Institutional Trading of TWFG

Several large investors have recently made changes to their positions in TWFG. FMR LLC acquired a new position in TWFG during the 3rd quarter worth about $34,942,000. Bamco Inc. NY acquired a new stake in TWFG in the 3rd quarter valued at about $19,764,000. Zimmer Partners LP bought a new position in shares of TWFG in the third quarter worth about $4,109,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TWFG during the third quarter worth approximately $4,068,000. Finally, Geode Capital Management LLC bought a new stake in shares of TWFG during the third quarter valued at approximately $3,699,000.

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.