TWFG, Inc.’s Lock-Up Period Set To End on January 14th (NASDAQ:TWFG)

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

Analyst Ratings Changes

TWFG has been the topic of several recent analyst reports. Piper Sandler lifted their price target on TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $33.00 price objective (up from $30.00) on shares of TWFG in a research note on Friday, January 3rd. Royal Bank of Canada boosted their target price on TWFG from $30.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, Keefe, Bruyette & Woods raised their price target on shares of TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.86.

TWFG Stock Performance

NASDAQ:TWFG opened at $28.84 on Friday. The business’s 50-day moving average price is $31.42. TWFG has a 1-year low of $21.31 and a 1-year high of $36.50. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On TWFG

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in shares of TWFG during the third quarter worth $93,000. Emerald Mutual Fund Advisers Trust bought a new position in TWFG during the 3rd quarter worth $133,000. Maven Securities LTD acquired a new position in TWFG during the 3rd quarter worth about $280,000. Franklin Resources Inc. bought a new stake in shares of TWFG in the 3rd quarter valued at about $293,000. Finally, Symphony Financial Ltd. Co. acquired a new stake in shares of TWFG in the third quarter valued at about $310,000.

About TWFG

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.