TWFG (NASDAQ:TWFG) Trading Down 7.6% – What’s Next?

TWFG, Inc. (NASDAQ:TWFG) shares traded down 7.6% during trading on Thursday . The stock traded as low as $17.54 and last traded at $17.4550. 87,372 shares were traded during mid-day trading, a decline of 64% from the average session volume of 240,077 shares. The stock had previously closed at $18.90.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. UBS Group cut their price objective on shares of TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th. JPMorgan Chase & Co. reduced their price target on TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, Wall Street Zen cut TWFG from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, TWFG has an average rating of “Hold” and a consensus target price of $26.50.

TWFG Stock Down 6.6%

The company has a market capitalization of $991.99 million, a price-to-earnings ratio of 32.69 and a beta of 0.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 107.86 and a current ratio of 94.71. The business’s 50 day moving average is $19.08 and its 200 day moving average is $23.36.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The business had revenue of $72.84 million during the quarter, compared to analysts’ expectations of $67.67 million. Sell-side analysts anticipate that TWFG, Inc. will post 0.88 earnings per share for the current year.

Institutional Trading of TWFG

Several large investors have recently added to or reduced their stakes in TWFG. Fifth Third Bancorp boosted its position 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. Quadrant Capital Group LLC acquired a new stake in TWFG during the 4th quarter valued at approximately $68,000. Quantbot Technologies LP boosted its holdings in shares of TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after acquiring an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of TWFG in the third quarter worth $142,000. Finally, State of Tennessee Department of Treasury purchased a new position in shares of TWFG during the second quarter worth $155,000.

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.