TWFG (NASDAQ:TWFG) Stock Price Down 4.9% – Here’s What Happened

TWFG, Inc. (NASDAQ:TWFG)’s share price traded down 4.9% on Monday . The company traded as low as $24.55 and last traded at $24.6350. 32,163 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 80,723 shares. The stock had previously closed at $25.91.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research cut TWFG from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada assumed coverage on shares of TWFG in a research report on Monday, November 24th. They issued an “outperform” rating and a $33.00 target price for the company. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Morgan Stanley boosted their price objective on TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, TWFG presently has a consensus rating of “Hold” and a consensus target price of $32.86.

TWFG Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 101.35 and a current ratio of 101.35. The company’s 50-day moving average price is $27.28 and its 200 day moving average price is $27.07. The stock has a market capitalization of $1.35 billion, a PE ratio of 54.43 and a beta of 0.10.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $64.12 million for the quarter, compared to the consensus estimate of $64.15 million. TWFG had a return on equity of 8.74% and a net margin of 2.87%. On average, equities research analysts expect that TWFG, Inc. will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TWFG

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Central Securities Corp bought a new stake in shares of TWFG during the third quarter worth $12,348,000. Riverbridge Partners LLC raised its holdings in shares of TWFG by 57.6% in the 3rd quarter. Riverbridge Partners LLC now owns 542,661 shares of the company’s stock valued at $14,891,000 after purchasing an additional 198,394 shares in the last quarter. Giverny Capital Inc. bought a new stake in TWFG during the 2nd quarter valued at $6,225,000. Victory Capital Management Inc. grew its position in shares of TWFG by 57.4% in the 3rd quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock worth $9,645,000 after buying an additional 128,180 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC purchased a new stake in TWFG during the second quarter valued at approximately $2,809,000.

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.