TWFG, Inc. (NASDAQ:TWFG) Receives Average Rating of “Moderate Buy” from Analysts

TWFG, Inc. (NASDAQ:TWFG) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $26.8571.

Several research analysts have weighed in on the stock. Truist Financial set a $23.00 target price on shares of TWFG in a research note on Monday, June 8th. JPMorgan Chase & Co. boosted their price objective on TWFG from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. UBS Group raised their price target on TWFG from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Morgan Stanley upped their price objective on TWFG from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded TWFG from a “hold” rating to a “buy” rating in a report on Saturday, August 1st.

Insiders Place Their Bets

In other TWFG news, Director Michael Doak purchased 7,865 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $19.45 per share, with a total value of $152,974.25. Following the completion of the acquisition, the director directly owned 765,587 shares of the company’s stock, valued at $14,890,667.15. This trade represents a 1.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased a total of 160,852 shares of company stock worth $3,034,663 in the last three months. 68.44% of the stock is owned by insiders.

Institutional Trading of TWFG

Several institutional investors have recently modified their holdings of TWFG. Fifth Third Bancorp boosted its holdings in shares of 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. Quadrant Capital Group LLC acquired a new stake in TWFG during the 4th quarter worth $68,000. Quantbot Technologies LP lifted its position in TWFG by 52.5% in 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 during the last quarter. Russell Investments Group Ltd. purchased a new stake in TWFG in the third quarter valued at $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in TWFG in the second quarter valued at $155,000.

TWFG Stock Up 2.7%

TWFG stock opened at $28.56 on Friday. The company has a market cap of $1.55 billion, a PE ratio of 48.41 and a beta of 0.16. The business’s 50-day simple moving average is $24.00 and its two-hundred day simple moving average is $21.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $30.47.

TWFG (NASDAQ:TWFG) last announced its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.12. TWFG had a return on equity of 19.06% and a net margin of 2.90%.The business had revenue of $87.51 million during the quarter, compared to the consensus estimate of $77.34 million. Equities analysts anticipate that TWFG will post 0.98 EPS for the current year.

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.