TWFG, Inc. (NASDAQ:TWFG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of TWFG, Inc. (NASDAQ:TWFG) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $28.8571.

Several brokerages recently commented on TWFG. Zacks Research raised TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Piper Sandler upped their price objective on TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada increased their price objective on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Morgan Stanley set a $26.00 target price on shares of TWFG in a research note on Monday. Finally, Weiss Ratings upgraded shares of TWFG from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 17th.

TWFG Price Performance

Shares of NASDAQ:TWFG opened at $26.92 on Friday. The company’s 50-day moving average price is $24.87 and its two-hundred day moving average price is $21.54. TWFG has a one year low of $16.56 and a one year high of $29.99. The stock has a market capitalization of $1.46 billion, a PE ratio of 45.63 and a beta of 0.16.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $87.51 million during the quarter, compared to the consensus estimate of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. On average, analysts anticipate that TWFG will post 0.98 earnings per share for the current fiscal year.

Insider Buying and Selling at TWFG

In other news, Director Michael Doak bought 24,880 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were bought at an average cost of $18.62 per share, with a total value of $463,265.60. Following the acquisition, the director owned 668,398 shares in the company, valued at $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 is accessible through this link. In the last quarter, insiders have bought 160,852 shares of company stock worth $3,034,663. 68.44% of the stock is owned by insiders.

Hedge Funds Weigh In On TWFG

A number of institutional investors have recently bought and sold shares of TWFG. Fifth Third Bancorp lifted its position in shares of 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 $68,000. Quantbot Technologies LP boosted its position in 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 purchasing an additional 1,395 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of TWFG in the third quarter valued at $142,000. Finally, State of Tennessee Department of Treasury bought 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.