TWFG (NASDAQ:TWFG) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of TWFG (NASDAQ:TWFG) from a strong sell rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

TWFG has been the subject of a number of other reports. Royal Bank Of Canada started coverage on shares of TWFG in a report on Monday, November 24th. They issued an “outperform” rating and a $33.00 target price for the company. Piper Sandler cut their price objective on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on shares of TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, November 17th. Finally, Morgan Stanley cut their price target on shares of TWFG from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TWFG currently has an average rating of “Hold” and a consensus price target of $30.83.

TWFG Stock Down 1.0%

TWFG stock opened at $19.60 on Wednesday. The company has a quick ratio of 101.35, a current ratio of 101.35 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.10 billion, a P/E ratio of 38.43 and a beta of 0.35. The business has a fifty day moving average of $23.90 and a two-hundred day moving average of $25.87. TWFG has a twelve month low of $16.56 and a twelve month high of $36.85.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $68.83 million for the quarter, compared to the consensus estimate of $60.81 million. TWFG had a return on equity of 13.72% and a net margin of 3.11%. On average, analysts forecast that TWFG will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TWFG

Several institutional investors and hedge funds have recently made changes to their positions in TWFG. Fifth Third Bancorp grew its holdings in shares of 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 buying an additional 454 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in TWFG during the 4th quarter worth about $68,000. Quantbot Technologies LP grew its stake in TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of TWFG in the third quarter valued at about $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of TWFG in the second quarter valued at 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.