TWFG (NASDAQ:TWFG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TWFG (NASDAQ:TWFG) from a hold rating to a buy rating in a research report report published on Saturday.

TWFG has been the topic of several other research reports. UBS Group decreased their price target on TWFG from $39.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Zacks Research upgraded TWFG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Royal Bank Of Canada began coverage on shares of TWFG in a research note on Monday, November 24th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, Morgan Stanley lowered their target price on shares of TWFG from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, TWFG has an average rating of “Hold” and an average price target of $30.00.

TWFG Stock Up 4.2%

Shares of TWFG opened at $19.22 on Friday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 37.69 and a beta of 0.37. The company has a quick ratio of 107.86, a current ratio of 107.86 and a debt-to-equity ratio of 0.01. TWFG has a 12 month low of $16.56 and a 12 month high of $36.85. The company has a 50-day moving average price of $21.81 and a two-hundred day moving average price of $25.16.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. TWFG had a return on equity of 13.51% and a net margin of 3.11%.The company had revenue of $70.26 million for the quarter, compared to the consensus estimate of $60.81 million. Equities analysts predict that TWFG will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On TWFG

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. bought a new position in TWFG in the 2nd quarter valued at $342,000. XTX Topco Ltd bought a new stake in shares of TWFG during the second quarter worth $521,000. Giverny Capital Inc. bought a new stake in shares of TWFG during the second quarter worth $6,225,000. Grandeur Peak Global Advisors LLC acquired a new stake in shares of TWFG in the second quarter valued at $2,809,000. Finally, Seven Grand Managers LLC raised its holdings in shares of TWFG by 33.3% in the second quarter. Seven Grand Managers LLC now owns 40,000 shares of the company’s stock valued at $1,400,000 after buying an additional 10,000 shares during the last quarter.

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.