TWFG (NASDAQ:TWFG) Upgraded by Wall Street Zen to “Buy” Rating

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

Several other research analysts have also recently issued reports on TWFG. Weiss Ratings raised TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Royal Bank Of Canada increased their target price on shares of TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. UBS Group raised their target price on shares of TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Morgan Stanley upgraded shares of TWFG from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $26.00 to $30.00 in a research report on Wednesday. Finally, Piper Sandler upped their price target on shares of TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.57.

TWFG Stock Up 1.8%

Shares of NASDAQ TWFG opened at $28.96 on Friday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 49.08 and a beta of 0.16. TWFG has a 52-week low of $16.56 and a 52-week high of $29.99. The firm’s 50-day moving average price is $25.66 and its two-hundred day moving average price is $21.65.

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

Insiders Place Their Bets

In other TWFG news, Director Michael Doak purchased 7,865 shares of the business’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $19.45 per share, with a total value of $152,974.25. Following the acquisition, the director owned 765,587 shares of the company’s stock, valued at $14,890,667.15. The trade was a 1.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have bought 116,569 shares of company stock valued at $2,206,220. 68.44% of the stock is currently owned by corporate insiders.

Institutional Trading of TWFG

Hedge funds and other institutional investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its holdings in TWFG by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock worth $81,929,000 after buying an additional 26,742 shares in the last quarter. Capital International Investors grew its position in TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after buying an additional 511,469 shares during the last quarter. Bamco Inc. NY increased its holdings in shares of TWFG by 3.9% in the second quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock valued at $31,572,000 after buying an additional 34,237 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of TWFG by 3.2% in the third quarter. Vanguard Group Inc. now owns 639,711 shares of the company’s stock valued at $17,554,000 after buying an additional 19,720 shares in the last quarter. Finally, Central Securities Corp lifted its position in shares of TWFG by 5.6% during the 4th quarter. Central Securities Corp now owns 475,000 shares of the company’s stock valued at $13,666,000 after acquiring an additional 25,000 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.