TWFG (NASDAQ:TWFG) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of TWFG (NASDAQ:TWFG) from a buy rating to a hold rating in a report published on Sunday morning.

TWFG has been the subject of several other reports. UBS Group decreased their target price on shares of TWFG from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. JPMorgan Chase & Co. cut their price target on TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Morgan Stanley dropped their target price on TWFG from $28.00 to $24.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Keefe, Bruyette & Woods dropped their target price on TWFG from $31.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.50.

TWFG Price Performance

Shares of TWFG opened at $18.78 on Friday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 36.82 and a beta of 0.46. TWFG has a twelve month low of $16.56 and a twelve month high of $36.85. The company has a 50 day moving average of $19.01 and a 200-day moving average of $23.69. The company has a quick ratio of 107.86, a current ratio of 107.86 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. TWFG had a net margin of 3.11% and a return on equity of 13.51%. The company had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $60.81 million. As a group, equities research analysts forecast that TWFG will post 0.88 EPS for the current fiscal year.

Institutional Investors Weigh In On TWFG

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp lifted 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 worth $26,000 after buying an additional 454 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in shares of TWFG by 7.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock worth $382,000 after buying an additional 970 shares in the last quarter. Quantbot Technologies LP lifted its holdings 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 buying an additional 1,395 shares in the last quarter. State of Wyoming raised its stake in TWFG by 42.0% in the second quarter. State of Wyoming now owns 5,188 shares of the company’s stock valued at $182,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in TWFG by 5.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock valued at $950,000 after purchasing an additional 1,800 shares in the last quarter.

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.