TWFG (NASDAQ:TWFG) Raised to Buy at Wall Street Zen

TWFG (NASDAQ:TWFG) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other analysts have also recently commented on the stock. Zacks Research upgraded shares of TWFG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. UBS Group cut their price objective on shares of TWFG from $39.00 to $34.00 and set a “buy” rating for the company in a report on Monday, March 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Piper Sandler cut their price objective on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Finally, Morgan Stanley cut their price objective on shares of TWFG from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.17.

TWFG Stock Performance

NASDAQ TWFG opened at $18.91 on Monday. TWFG has a 52-week low of $16.56 and a 52-week high of $36.85. The company has a 50-day simple moving average of $20.09 and a 200 day simple moving average of $24.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 107.86 and a current ratio of 107.86. The company has a market capitalization of $1.06 billion, a PE ratio of 37.08 and a beta of 0.57.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. TWFG had a net margin of 3.11% and a return on equity of 13.51%. The business had revenue of $70.26 million during the quarter, compared to the consensus estimate of $60.81 million. On average, research analysts predict that TWFG will post 0.57 EPS for the current year.

Hedge Funds Weigh In On TWFG

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in TWFG by 102.7% during the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after acquiring an additional 454 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in TWFG during the fourth quarter valued at approximately $68,000. Quantbot Technologies LP grew its stake in TWFG by 52.5% during the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after acquiring an additional 1,395 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in TWFG during the third quarter valued at approximately $142,000. Finally, State of Tennessee Department of Treasury purchased a new position in TWFG during the second quarter valued at approximately $155,000.

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.