TWFG (NASDAQ:TWFG) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of TWFG (NASDAQ:TWFG) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

Several other research analysts have also commented on TWFG. Piper Sandler lifted their target price on TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Zacks Research upgraded TWFG from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Morgan Stanley lifted their price objective on shares of TWFG from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Truist Financial set a $23.00 target price on shares of TWFG in a research note on Monday, June 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of TWFG from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TWFG presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

TWFG Stock Performance

Shares of TWFG stock opened at $29.07 on Friday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 49.27 and a beta of 0.15. TWFG has a one year low of $16.56 and a one year high of $30.47. The company’s 50-day simple moving average is $24.21 and its 200-day simple moving average is $21.50.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%.The firm had revenue of $87.51 million during the quarter, compared to analyst estimates of $77.34 million. As a group, research analysts forecast that TWFG will post 0.98 EPS for the current year.

Insider Buying and Selling

In other news, Director Michael Doak purchased 24,880 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average price of $18.62 per share, for a total transaction of $463,265.60. Following the completion of the purchase, the director owned 668,398 shares of the company’s stock, valued at $12,445,570.76. This trade represents a 3.87% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have bought 160,852 shares of company stock valued at $3,034,663. 68.44% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TWFG

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp grew its position in TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after buying an additional 454 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its position in shares of TWFG by 7.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock worth $382,000 after buying an additional 970 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after acquiring an additional 1,395 shares during the period. State of Wyoming lifted its stake in shares of TWFG by 42.0% in the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock worth $182,000 after acquiring an additional 1,535 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of TWFG by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock worth $950,000 after acquiring an additional 1,800 shares during the period.

About TWFG

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.