TWFG (NASDAQ:TWFG) Stock Rating Lowered by Zacks Research

TWFG (NASDAQ:TWFG) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on TWFG. UBS Group cut their price objective on TWFG from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, November 17th. Morgan Stanley lifted their price target on TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Finally, Royal Bank Of Canada started coverage on TWFG in a research report on Monday, November 24th. They set an “outperform” rating and a $33.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.86.

TWFG Stock Up 1.4%

Shares of NASDAQ:TWFG opened at $25.78 on Tuesday. The company has a 50 day moving average price of $27.94 and a two-hundred day moving average price of $27.80. 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 has a market capitalization of $1.45 billion, a PE ratio of 58.59 and a beta of 0.11. TWFG has a 52 week low of $23.52 and a 52 week high of $36.85.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. TWFG had a net margin of 2.87% and a return on equity of 8.74%. The company had revenue of $64.12 million for the quarter, compared to analysts’ expectations of $64.15 million. Analysts forecast that TWFG will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On TWFG

A number of large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP grew its stake in TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $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 during the third quarter worth approximately $142,000. State of Tennessee Department of Treasury acquired a new stake in TWFG during the 2nd quarter worth approximately $155,000. State of Wyoming boosted its stake in TWFG by 42.0% in the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock valued at $182,000 after purchasing an additional 1,535 shares during the period. Finally, Man Group plc bought a new stake in TWFG in the 2nd quarter valued at $223,000.

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.