TWFG (NASDAQ:TWFG) Stock Rating Upgraded by Wall Street Zen

TWFG (NASDAQ:TWFG) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of TWFG from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Weiss Ratings upgraded TWFG from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 17th. Truist Financial set a $23.00 target price on TWFG in a report on Monday, June 8th. Keefe, Bruyette & Woods increased their price target on TWFG from $23.00 to $26.00 and gave the company a “market perform” rating in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada lifted their price target on TWFG from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.86.

TWFG Price Performance

TWFG opened at $26.80 on Friday. TWFG has a 1 year low of $16.56 and a 1 year high of $31.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 49.63 and a beta of 0.15. The firm’s fifty day moving average price is $23.28 and its two-hundred day moving average price is $21.43.

TWFG (NASDAQ:TWFG) last announced its earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.20 by $0.09. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The company had revenue of $72.84 million during the quarter, compared to the consensus estimate of $67.67 million. As a group, analysts anticipate that TWFG will post 0.98 earnings per share for the current fiscal year.

Insider Transactions at TWFG

In related news, Director Michael Doak acquired 7,865 shares of the stock in a transaction on Friday, June 5th. The shares were acquired at an average price of $19.45 per share, with a total value of $152,974.25. Following the completion of the transaction, the director owned 765,587 shares in the company, valued at approximately $14,890,667.15. The trade was a 1.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 160,852 shares of company stock worth $3,034,663 in the last three months. Company insiders own 68.44% of the company’s stock.

Institutional Investors Weigh In On TWFG

Several large investors have recently modified their holdings of TWFG. Capital International Investors raised its stake in shares of TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after buying an additional 511,469 shares during the period. Lord Abbett & CO. LLC grew its stake in shares of TWFG by 179.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock worth $7,358,000 after acquiring an additional 164,355 shares during the period. Victory Capital Management Inc. grew its stake in shares of TWFG by 57.4% during the 3rd quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock worth $9,645,000 after acquiring an additional 128,180 shares during the period. Giverny Capital Inc. grew its stake in shares of TWFG by 68.9% during the 3rd quarter. Giverny Capital Inc. now owns 300,317 shares of the company’s stock worth $8,241,000 after acquiring an additional 122,469 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in TWFG by 201.9% in the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after acquiring an additional 79,127 shares during the last quarter.

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.