TWFG (NASDAQ:TWFG) Price Target Raised to $26.00

TWFG (NASDAQ:TWFG) had its price target upped by Keefe, Bruyette & Woods from $23.00 to $26.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other brokerages have also recently issued reports on TWFG. Zacks Research upgraded TWFG from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. Piper Sandler reduced their price target on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. UBS Group lifted their target price on TWFG from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wall Street Zen cut TWFG from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.86.

TWFG Stock Down 0.2%

Shares of NASDAQ TWFG opened at $25.95 on Wednesday. TWFG has a 1 year low of $16.56 and a 1 year high of $34.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71. The company has a 50-day moving average price of $20.95 and a 200-day moving average price of $21.68. The stock has a market capitalization of $1.41 billion, a P/E ratio of 48.06 and a beta of 0.21.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.09. The business had revenue of $72.84 million for the quarter, compared to analysts’ expectations of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. On average, equities research analysts forecast that TWFG will post 0.97 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael Doak purchased 7,865 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of $19.45 per share, with a total value of $152,974.25. Following the purchase, the director directly owned 765,587 shares in the company, valued at approximately $14,890,667.15. This represents a 1.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have bought a total of 160,852 shares of company stock valued at $3,034,663 over the last ninety days. Corporate insiders own 68.44% of the company’s stock.

Institutional Investors Weigh In On TWFG

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

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.