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

TWFG (NASDAQ:TWFG) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

TWFG has been the subject of a number of other research reports. Morgan Stanley reduced their price objective on TWFG from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday. Piper Sandler dropped their price target on TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. JPMorgan Chase & Co. upped their price objective on TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada started 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. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.83.

TWFG Stock Performance

TWFG stock traded up $0.04 during midday trading on Wednesday, reaching $19.83. 56,978 shares of the company were exchanged, compared to its average volume of 177,472. TWFG has a one year low of $16.56 and a one year high of $36.85. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 38.88 and a beta of 0.35. The business has a 50-day moving average price of $23.90 and a two-hundred day moving average price of $25.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 101.35 and a quick ratio of 101.35.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $68.83 million for the quarter, compared to analyst estimates of $60.81 million. TWFG had a net margin of 3.11% and a return on equity of 13.72%. Equities research analysts forecast that TWFG will post 0.57 EPS for the current year.

Institutional Trading of TWFG

Large investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after purchasing an additional 454 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in TWFG by 7.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock valued at $382,000 after buying an additional 970 shares during the period. Quantbot Technologies LP increased its holdings 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 period. State of Wyoming raised its position in shares of 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 buying an additional 1,535 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of TWFG by 5.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock worth $950,000 after acquiring an additional 1,800 shares during the period.

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.