TWFG (NASDAQ:TWFG) Stock Price Up 8.3% – Still a Buy?

TWFG, Inc. (NASDAQ:TWFG)’s stock price rose 8.3% during trading on Friday . The company traded as high as $22.98 and last traded at $23.1550. 33,278 shares traded hands during trading, a decline of 86% from the average daily volume of 239,354 shares. The stock had previously closed at $21.39.

Analyst Upgrades and Downgrades

TWFG has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating on shares of TWFG in a research note on Monday, June 8th. Piper Sandler reduced their price target on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Zacks Research raised shares of TWFG from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Truist Financial set a $23.00 price objective on shares of TWFG in a research report on Monday, June 8th. Finally, UBS Group cut their target price on shares of TWFG from $31.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.86.

TWFG Trading Up 9.1%

The firm’s fifty day moving average price is $19.68 and its 200-day moving average price is $21.87. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 43.20 and a beta of 0.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 3.04% and a return on equity of 15.96%. On average, equities analysts expect that TWFG, Inc. will post 0.97 EPS for the current fiscal year.

Insider Activity

In other TWFG news, Director Michael Doak acquired 24,880 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average cost of $18.62 per share, with a total value of $463,265.60. Following the acquisition, the director directly owned 668,398 shares of the company’s stock, valued at $12,445,570.76. This represents a 3.87% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 160,852 shares of company stock worth $3,034,663 in the last three months. Insiders own 68.44% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp raised its position in TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after acquiring an additional 454 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in TWFG during the fourth quarter worth approximately $68,000. Quantbot Technologies LP grew its position in TWFG by 52.5% in the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after buying an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of TWFG in the third quarter valued at $142,000. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of TWFG during the 2nd quarter valued at $155,000.

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.