UBS Group Issues Pessimistic Forecast for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its price objective decreased by equities researchers at UBS Group from $39.00 to $34.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 70.00% from the company’s current price.

A number of other equities research analysts have also recently commented on TWFG. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Morgan Stanley lowered their price objective on shares of TWFG from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, November 17th. Royal Bank Of Canada initiated coverage on shares of TWFG in a research note on Monday, November 24th. They set an “outperform” rating and a $33.00 price target for the company. Finally, Piper Sandler dropped their price objective on TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.00.

TWFG Stock Performance

Shares of TWFG stock traded down $0.81 during trading on Monday, hitting $20.00. The company’s stock had a trading volume of 424,325 shares, compared to its average volume of 189,372. The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.12 billion, a PE ratio of 39.22 and a beta of 0.35. The business has a fifty day moving average of $23.74 and a 200-day moving average of $25.78. TWFG has a 52 week low of $16.56 and a 52 week high of $36.85.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. TWFG had a return on equity of 13.72% and a net margin of 3.11%.The business had revenue of $68.83 million for the quarter, compared to analyst estimates of $60.81 million. As a group, research analysts anticipate that TWFG will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its position in shares of TWFG by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock worth $81,929,000 after acquiring an additional 26,742 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in TWFG during the 4th quarter worth about $337,000. Balyasny Asset Management L.P. bought a new position in TWFG in the 4th quarter worth about $285,000. Schonfeld Strategic Advisors LLC grew its holdings in TWFG by 92.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 26,848 shares of the company’s stock valued at $772,000 after buying an additional 12,912 shares in the last quarter. Finally, Gillson Capital LP increased its position in shares of TWFG by 14.6% during the fourth quarter. Gillson Capital LP now owns 169,065 shares of the company’s stock valued at $4,864,000 after buying an additional 21,565 shares during the period.

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.