TWFG (NASDAQ:TWFG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TWFG (NASDAQ:TWFG) from a hold rating to a buy rating in a report released on Saturday morning,Wall Street Zen reports.

TWFG has been the topic of several other reports. Royal Bank Of Canada increased their price objective on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings upgraded TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. cut their target price on TWFG from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. Piper Sandler upped their target price on TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods increased their price target on shares of TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.29.

TWFG Stock Performance

Shares of NASDAQ:TWFG opened at $29.03 on Friday. TWFG has a 52-week low of $16.56 and a 52-week high of $31.30. The firm has a fifty day moving average of $26.70 and a 200 day moving average of $23.19. The firm has a market capitalization of $1.57 billion, a PE ratio of 27.74 and a beta of 0.28.

TWFG (NASDAQ:TWFG) last released its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%. The business had revenue of $87.51 million for the quarter, compared to analysts’ expectations of $77.34 million. On average, sell-side analysts forecast that TWFG will post 1.10 EPS for the current fiscal year.

Institutional Trading of TWFG

Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 79,127 shares during the last quarter. Giverny Capital Inc. increased its stake in shares of TWFG by 18.2% in the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock worth $15,691,000 after buying an additional 100,345 shares during the period. Dimensional Fund Advisors LP bought a new stake in TWFG during the 1st quarter valued at $1,243,000. Argent Capital Management LLC bought a new stake in TWFG during the 3rd quarter valued at $983,000. Finally, Symphony Financial Ltd. Co. raised its holdings in TWFG by 153.7% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock valued at $942,000 after buying an additional 23,682 shares during the last quarter.

About TWFG

TWFG, Inc (NASDAQ: TWFG) is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Through its agency network, the company provides access to personal and commercial property and casualty coverage, as well as life, health and other insurance solutions.

The company serves customers across the United States through a combination of retail insurance agencies and wholesale distribution operations. Its services include insurance placement, consultation and support, helping clients evaluate coverage options and manage their insurance needs.