TWFG (NASDAQ:TWFG) Trading Down 7.6% – Here’s What Happened

TWFG, Inc. (NASDAQ:TWFG) was down 7.6% during trading on Thursday . The company traded as low as $17.54 and last traded at $17.4550. Approximately 87,372 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 240,077 shares. The stock had previously closed at $18.90.

Analyst Ratings Changes

A number of research analysts have commented on TWFG shares. Morgan Stanley dropped their price objective on shares of TWFG from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Wall Street Zen lowered shares of TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Zacks Research lowered shares of TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th. Finally, UBS Group dropped their price objective on shares of TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, TWFG has a consensus rating of “Hold” and an average target price of $26.50.

TWFG Trading Up 2.7%

The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 107.86. The business’s 50 day simple moving average is $19.00 and its 200 day simple moving average is $23.26. The company has a market capitalization of $983.73 million, a price-to-earnings ratio of 33.63 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The business had revenue of $72.84 million for the quarter, compared to analyst estimates of $67.67 million. Research analysts anticipate that TWFG, Inc. will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its stake 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 during the period. Capital International Investors grew its position in TWFG by 114.4% during the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after buying an additional 511,469 shares during the period. Bamco Inc. NY grew its position in TWFG by 5.8% during the third quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock worth $26,181,000 after buying an additional 52,067 shares during the period. Vanguard Group Inc. grew its position in TWFG by 3.2% during the third quarter. Vanguard Group Inc. now owns 639,711 shares of the company’s stock worth $17,554,000 after buying an additional 19,720 shares during the period. Finally, Riverbridge Partners LLC grew its position in TWFG by 9.4% during the fourth quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock worth $17,082,000 after buying an additional 51,083 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.