TWFG (NASDAQ:TWFG) Shares Gap Up – Here’s Why

TWFG, Inc. (NASDAQ:TWFG) gapped up before the market opened on Tuesday . The stock had previously closed at $26.69, but opened at $28.18. TWFG shares last traded at $27.5950, with a volume of 12,810 shares trading hands.

Analyst Ratings Changes

A number of research firms recently issued reports on TWFG. Royal Bank Of Canada increased their price target on shares of TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Keefe, Bruyette & Woods lifted their price objective on TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. increased their target price on TWFG from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. UBS Group increased their target price on TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, TWFG currently has an average rating of “Moderate Buy” and an average target price of $29.57.

TWFG Price Performance

The firm’s 50 day moving average is $27.58 and its 200 day moving average is $22.55. The firm has a market cap of $1.50 billion, a P/E ratio of 46.98 and a beta of 0.18.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. TWFG had a net margin of 2.90% and a return on equity of 19.49%. The business had revenue of $87.51 million for the quarter, compared to analysts’ expectations of $77.34 million. As a group, analysts expect that TWFG, Inc. will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors raised its stake in TWFG by 114.4% during the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after buying an additional 511,469 shares during the last quarter. Giverny Capital Inc. increased its holdings in shares of TWFG by 18.2% during the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock valued at $15,691,000 after acquiring an additional 100,345 shares in the last quarter. Central Securities Corp increased its holdings in shares of TWFG by 5.6% during the fourth quarter. Central Securities Corp now owns 475,000 shares of the company’s stock valued at $13,666,000 after acquiring an additional 25,000 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of TWFG by 201.9% in the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after purchasing an additional 79,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in TWFG in the 1st quarter worth about $1,243,000.

TWFG Company Profile

TWFG, Inc is an independent insurance distribution company that operates through a network of retail insurance agencies, affiliated agents and franchise locations. The company helps individuals and businesses obtain coverage from a range of insurance carriers rather than underwriting policies itself.

Its offerings include personal insurance products such as homeowners, automobile, renters and other property and casualty coverage. TWFG also provides commercial insurance solutions for businesses, as well as access to life, health and related insurance products.