TWFG (NASDAQ:TWFG) Shares Gap Down – What’s Next?

Shares of TWFG, Inc. (NASDAQ:TWFG) gapped down prior to trading on Tuesday . The stock had previously closed at $29.07, but opened at $27.75. TWFG shares last traded at $27.3920, with a volume of 237 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TWFG shares. Truist Financial set a $23.00 target price on TWFG in a research note on Monday, June 8th. Zacks Research raised TWFG from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Royal Bank Of Canada upped their price objective on TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday. Weiss Ratings raised shares of TWFG from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 17th. Finally, Morgan Stanley set a $26.00 price objective on shares of TWFG in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.43.

TWFG Trading Down 0.2%

The company has a market cap of $1.49 billion, a price-to-earnings ratio of 46.39 and a beta of 0.15. The business has a fifty day moving average of $24.38 and a two-hundred day moving average of $21.51.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%.The company had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million. On average, research analysts forecast that TWFG, Inc. will post 0.98 EPS for the current fiscal year.

Insider Activity

In other TWFG news, Director Michael Doak bought 24,880 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of $18.62 per share, for a total transaction of $463,265.60. Following the transaction, the director directly owned 668,398 shares of the company’s stock, valued at approximately $12,445,570.76. This represents a 3.87% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders purchased 160,852 shares of company stock worth $3,034,663. Company insiders own 68.44% of the company’s stock.

Hedge Funds Weigh In On TWFG

Large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its holdings in TWFG by 102.7% during 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. Quadrant Capital Group LLC purchased a new stake in shares of TWFG during the fourth quarter worth about $68,000. Quantbot Technologies LP increased its stake in shares of TWFG by 52.5% during the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of TWFG during the 3rd quarter worth about $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of TWFG during the 2nd quarter worth about $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.