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 report released on Saturday morning.

A number of other research firms have also recently issued reports on TWFG. Morgan Stanley raised TWFG from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $26.00 to $30.00 in a research report on Wednesday, August 19th. Piper Sandler boosted their target price on TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods increased their price target on TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. Truist Financial set a $23.00 price target on TWFG in a research note on Monday, June 8th. Finally, UBS Group raised their price target on TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a report on Monday, August 10th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, TWFG presently has a consensus rating of “Moderate Buy” and an average target price of $29.57.

TWFG Price Performance

TWFG stock opened at $30.27 on Friday. The firm has a market capitalization of $1.64 billion, a PE ratio of 51.31 and a beta of 0.15. The company’s 50-day moving average is $25.84 and its 200-day moving average is $21.66. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $30.36.

TWFG (NASDAQ:TWFG) last issued its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. TWFG had a net margin of 2.90% and a return on equity of 19.49%. The business had revenue of $87.51 million during the quarter, compared to the consensus estimate of $77.34 million. As a group, analysts expect that TWFG will post 1.09 EPS for the current year.

Insider Transactions at TWFG

In related news, Director Michael Doak acquired 7,865 shares of the business’s stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of $19.45 per share, for a total transaction of $152,974.25. Following the completion of the transaction, the director directly owned 765,587 shares of the company’s stock, valued at approximately $14,890,667.15. The trade was a 1.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 105,569 shares of company stock worth $1,994,690 in the last three months. Company insiders own 68.44% of the company’s stock.

Hedge Funds Weigh In On TWFG

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 454 shares during the last quarter. Quadrant Capital Group LLC bought a new position in TWFG during the 4th quarter worth $68,000. Quantbot Technologies LP increased its position in TWFG by 52.5% during the 2nd 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 period. Russell Investments Group Ltd. acquired a new stake in shares of TWFG during the third quarter worth $142,000. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of TWFG during the second quarter worth $155,000.

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.