TWFG (NASDAQ:TWFG) Rating Increased to Strong-Buy at Zacks Research

TWFG (NASDAQ:TWFG) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. reduced their target price on TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Piper Sandler cut their price objective on TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of TWFG in a report on Monday. Truist Financial set a $23.00 price objective on TWFG in a report on Monday. Finally, Wall Street Zen downgraded TWFG from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.86.

TWFG Stock Up 3.8%

Shares of NASDAQ:TWFG opened at $20.65 on Monday. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01. TWFG has a 52-week low of $16.56 and a 52-week high of $36.79. The stock’s fifty day simple moving average is $18.94 and its 200-day simple moving average is $22.44. The company has a market capitalization of $1.12 billion, a P/E ratio of 38.24 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.09. TWFG had a return on equity of 15.96% and a net margin of 3.04%.The business had revenue of $72.84 million for the quarter, compared to the consensus estimate of $67.67 million. As a group, equities research analysts forecast that TWFG will post 0.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TWFG news, Director Michael Doak acquired 7,865 shares of the stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $19.45 per share, for a total transaction of $152,974.25. Following the purchase, the director directly owned 765,587 shares in the company, valued at $14,890,667.15. This trade represents a 1.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 160,852 shares of company stock worth $3,034,663. 68.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp grew its position in shares of TWFG by 102.7% in the 4th 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 shares of TWFG in the 4th quarter worth approximately $68,000. Quantbot Technologies LP lifted its holdings in shares of TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares during the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of TWFG in the 2nd quarter worth approximately $155,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of TWFG in the 3rd quarter worth approximately $142,000.

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.