TWFG (NASDAQ:TWFG) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of TWFG (NASDAQ:TWFG) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

TWFG has been the topic of a number of other research reports. Zacks Research downgraded TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. JPMorgan Chase & Co. decreased their price objective on TWFG from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. Royal Bank Of Canada lifted their price objective on TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Piper Sandler upped their price objective on TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings raised 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 data from MarketBeat.com, TWFG presently has a consensus rating of “Moderate Buy” and an average target price of $29.29.

TWFG Price Performance

Shares of NASDAQ TWFG opened at $24.41 on Friday. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $31.30. The firm has a market capitalization of $1.32 billion, a P/E ratio of 41.37 and a beta of 0.28. The company’s 50 day simple moving average is $27.04 and its 200 day simple moving average is $23.34.

TWFG (NASDAQ:TWFG) last released its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The firm had revenue of $87.51 million during the quarter, compared to analyst estimates of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. Sell-side analysts expect that TWFG will post 1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Giverny Capital Inc. raised its holdings in TWFG by 18.2% in the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock worth $15,691,000 after purchasing an additional 100,345 shares during the period. Renaissance Technologies LLC boosted its position in shares of TWFG by 201.9% during the first 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 in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of TWFG in the 1st quarter valued at $1,243,000. Bank of America Corp DE grew its holdings in shares of TWFG by 26.7% in the 1st quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock valued at $995,000 after buying an additional 11,415 shares during the period. Finally, Argent Capital Management LLC acquired a new position in shares of TWFG in the 3rd quarter valued at $983,000.

About TWFG

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

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

Founded in 2008, TWFG is headquartered in The Woodlands, Texas, and serves customers across the United States through its network of agency locations and insurance professionals.