TWFG, Inc. (NASDAQ:TWFG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of TWFG, Inc. (NASDAQ:TWFG) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $26.8571.

A number of brokerages recently commented on TWFG. Wall Street Zen cut shares of TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. JPMorgan Chase & Co. upped their price target on shares of TWFG from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Piper Sandler increased their price target on shares of TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group raised their price objective on shares of TWFG from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on TWFG from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 8th.

TWFG Stock Performance

Shares of TWFG opened at $26.35 on Monday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 48.80 and a beta of 0.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71. TWFG has a 1 year low of $16.56 and a 1 year high of $34.09. The company’s fifty day moving average is $21.65 and its two-hundred day moving average is $21.58.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. The firm had revenue of $72.84 million during the quarter, compared to the consensus estimate of $67.67 million. TWFG had a net margin of 3.04% and a return on equity of 15.96%. On average, sell-side analysts predict that TWFG will post 0.97 earnings per share for the current year.

Insider Transactions at TWFG

In other news, Director Michael Doak purchased 24,880 shares of the stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of $18.62 per share, for a total transaction of $463,265.60. Following the completion of the acquisition, the director directly owned 668,398 shares in the company, valued at $12,445,570.76. This represents a 3.87% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have bought 160,852 shares of company stock valued at $3,034,663. 68.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TWFG

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in TWFG by 26.7% during the first quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock worth $995,000 after purchasing an additional 11,415 shares during the period. Renaissance Technologies LLC raised its holdings in shares of TWFG by 201.9% in the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after purchasing an additional 79,127 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of TWFG in the 1st quarter worth about $1,243,000. Bank of New York Mellon Corp lifted its stake in shares of TWFG by 20.1% in the 1st quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock valued at $270,000 after purchasing an additional 2,459 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings 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 worth $81,929,000 after purchasing an additional 26,742 shares during the period.

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.