TWFG (NASDAQ:TWFG) Shares Gap Down – What’s Next?

TWFG, Inc. (NASDAQ:TWFG)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $29.07, but opened at $27.75. TWFG shares last traded at $27.3920, with a volume of 237 shares.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TWFG. Wall Street Zen cut shares of TWFG from a “buy” rating to a “hold” rating in a research report on Sunday. Piper Sandler boosted their price target on TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Royal Bank Of Canada upped their price target on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. UBS Group increased their price objective on TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Monday. Finally, Morgan Stanley set a $26.00 price objective on TWFG in a research report on Monday. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.86.

TWFG Stock Performance

The stock’s 50-day moving average price is $24.71 and its two-hundred day moving average price is $21.53. The stock has a market capitalization of $1.44 billion, a PE ratio of 45.19 and a beta of 0.16.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $77.34 million. On average, analysts predict that TWFG, Inc. will post 0.98 earnings per share for the current fiscal year.

Insider Activity at TWFG

In related news, Director Michael Doak purchased 7,865 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $19.45 per share, for a total transaction of $152,974.25. Following the purchase, the director directly owned 765,587 shares of the company’s stock, valued at approximately $14,890,667.15. This represents a 1.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders purchased 160,852 shares of company stock valued at $3,034,663. Insiders own 68.44% of the company’s stock.

Institutional Investors Weigh In On TWFG

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its stake in shares of TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after acquiring an additional 454 shares during the last quarter. Quadrant Capital Group LLC bought a new position in TWFG in the 4th quarter worth about $68,000. Quantbot Technologies LP grew its position in TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in TWFG during the 3rd quarter valued at about $142,000. Finally, State of Tennessee Department of Treasury bought a new stake in TWFG during the 2nd quarter valued at about $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.