TWFG (NASDAQ:TWFG) Rating Increased to Strong-Buy at Zacks Research

TWFG (NASDAQ:TWFG) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of TWFG in a research report on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TWFG in a research report on Monday, May 4th. Truist Financial set a $23.00 target price on TWFG in a research report on Monday. UBS Group cut their target price on TWFG from $31.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley lowered their price target on TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.86.

TWFG Trading Up 3.8%

Shares of NASDAQ TWFG opened at $20.65 on Monday. The stock’s 50 day simple moving average is $18.94 and its 200 day simple moving average is $22.44. The company has a current ratio of 94.71, a quick ratio of 94.71 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 38.24 and a beta of 0.46. TWFG has a 12-month low of $16.56 and a 12-month high of $36.79.

TWFG (NASDAQ:TWFG) last announced its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.09. The firm had revenue of $72.84 million for the quarter, compared to the consensus estimate of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. Equities research analysts expect that TWFG will post 0.97 EPS for the current year.

Insider Buying and Selling at TWFG

In related news, Director Michael Doak purchased 7,865 shares of TWFG stock in a transaction on Friday, June 5th. The stock was bought at an average price of $19.45 per share, with a total value of $152,974.25. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 160,852 shares of company stock valued at $3,034,663 over the last ninety days. 68.44% of the stock is owned by insiders.

Institutional Trading of TWFG

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its position in shares of TWFG by 26.7% in the first quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock worth $995,000 after buying an additional 11,415 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of TWFG by 201.9% in the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after buying an additional 79,127 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of TWFG during the 1st quarter worth about $1,243,000. Bank of New York Mellon Corp lifted its position in shares of TWFG by 20.1% during the 1st quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock worth $270,000 after purchasing an additional 2,459 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of TWFG by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock worth $81,929,000 after purchasing an additional 26,742 shares during the last quarter.

TWFG Company Profile

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.