TWFG (NASDAQ:TWFG) Shares Gap Up – Should You Buy?

TWFG, Inc. (NASDAQ:TWFG)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $19.89, but opened at $20.83. TWFG shares last traded at $21.4840, with a volume of 23,880 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TWFG shares. UBS Group lowered their price objective on TWFG from $31.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of TWFG in a research note on Monday. Piper Sandler lowered their price objective on TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, Zacks Research raised TWFG from a “hold” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, TWFG presently has a consensus rating of “Moderate Buy” and an average target price of $24.86.

TWFG Price Performance

The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 40.93 and a beta of 0.46. The business’s 50-day simple moving average is $18.94 and its two-hundred day simple moving average is $22.44. The company has a current ratio of 94.71, a quick ratio of 94.71 and a debt-to-equity ratio of 0.01.

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 return on equity of 15.96% and a net margin of 3.04%.The firm had revenue of $72.84 million for the quarter, compared to analysts’ expectations of $67.67 million. As a group, research analysts expect that TWFG, Inc. will post 0.97 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael Doak bought 24,880 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $18.62 per share, for a total transaction of $463,265.60. Following the acquisition, the director directly owned 668,398 shares in the company, valued at approximately $12,445,570.76. This trade represents a 3.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 160,852 shares of company stock valued at $3,034,663. 68.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On TWFG

A number of large investors have recently modified their holdings of TWFG. Bank of America Corp DE lifted its stake in TWFG by 26.7% during the 1st quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock valued at $995,000 after acquiring an additional 11,415 shares in the last quarter. Renaissance Technologies LLC lifted its stake in TWFG by 201.9% during the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock valued at $2,176,000 after acquiring an additional 79,127 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in TWFG during the 1st quarter valued at $1,243,000. Bank of New York Mellon Corp lifted its stake in TWFG by 20.1% during the 1st quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock valued at $270,000 after acquiring an additional 2,459 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of TWFG by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock valued at $81,929,000 after purchasing an additional 26,742 shares during 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.