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

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 TWFG’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

TWFG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $33.00 price target (up from $30.00) on shares of TWFG in a report on Friday, January 3rd. Piper Sandler boosted their price objective on TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada raised 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.86.

TWFG Stock Performance

Shares of TWFG opened at $28.84 on Friday. TWFG has a one year low of $21.31 and a one year high of $36.50. The company has a 50-day moving average price of $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.

Institutional Investors Weigh In On TWFG

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