TWFG (NASDAQ:TWFG) Reaches New 1-Year High – Should You Buy?

TWFG, Inc. (NASDAQ:TWFG)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $30.31 and last traded at $30.0150, with a volume of 16835 shares traded. The stock had previously closed at $28.96.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley raised TWFG from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $26.00 to $30.00 in a research note on Wednesday, August 19th. Truist Financial set a $23.00 target price on shares of TWFG in a research report on Monday, June 8th. Weiss Ratings upgraded shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Wall Street Zen raised shares of TWFG from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Royal Bank Of Canada increased their price objective on shares of TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TWFG currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.57.

TWFG Stock Up 3.8%

The company has a market cap of $1.62 billion, a PE ratio of 50.71 and a beta of 0.16. The business’s 50 day moving average price is $25.66 and its 200-day moving average price is $21.62.

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

Insider Activity at TWFG

In other TWFG news, Director Michael Doak purchased 24,880 shares of TWFG stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average price of $18.62 per share, with a total value of $463,265.60. Following the completion of the acquisition, the director owned 668,398 shares of the company’s stock, valued at approximately $12,445,570.76. This trade represents a 3.87% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 116,569 shares of company stock valued at $2,206,220 in the last 90 days. Insiders own 68.44% of the company’s stock.

Institutional Investors Weigh In On TWFG

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after buying an additional 454 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in TWFG by 7.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock worth $382,000 after buying an additional 970 shares during the last quarter. Quantbot Technologies LP lifted its holdings 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 last quarter. State of Wyoming grew its position in shares of TWFG by 42.0% in the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock worth $182,000 after acquiring an additional 1,535 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of TWFG by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock worth $950,000 after acquiring an additional 1,800 shares in 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.