TWFG (NASDAQ:TWFG) Raised to “Buy” at Wall Street Zen

TWFG (NASDAQ:TWFG) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

A number of other brokerages also recently weighed in on TWFG. UBS Group boosted their price target on shares of TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Piper Sandler raised their price objective on shares of TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Royal Bank Of Canada raised their price objective on shares of TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Keefe, Bruyette & Woods lifted their price objective on shares of TWFG from $26.00 to $29.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Finally, Morgan Stanley upgraded shares of TWFG from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $26.00 to $30.00 in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.29.

TWFG Stock Performance

Shares of TWFG stock opened at $28.29 on Friday. The business’s fifty day simple moving average is $26.75 and its 200 day simple moving average is $23.83. The firm has a market capitalization of $1.53 billion, a P/E ratio of 47.95 and a beta of 0.28. TWFG has a 12 month low of $16.56 and a 12 month high of $31.30.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%. The firm had revenue of $87.51 million during the quarter, compared to the consensus estimate of $77.34 million. Analysts predict that TWFG will post 1.10 EPS for the current fiscal year.

Institutional Trading of TWFG

Several hedge funds have recently made changes to their positions in TWFG. Integrated Wealth Concepts LLC bought a new position in shares of TWFG during the 2nd quarter worth $72,000. Bank of New York Mellon Corp raised its stake in 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 acquiring an additional 2,459 shares during the period. Blalock Williams LLC raised its stake in TWFG by 14.9% in the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock valued at $551,000 after acquiring an additional 2,978 shares during the period. Symphony Financial Ltd. Co. lifted its holdings in TWFG by 153.7% during the second quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock valued at $942,000 after purchasing an additional 23,682 shares during the last quarter. Finally, Argent Capital Management LLC purchased a new stake in TWFG during the third quarter valued at about $983,000.

TWFG Company Profile

TWFG, Inc (NASDAQ: TWFG) is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Through its agency network, the company provides access to personal and commercial property and casualty coverage, as well as life, health and other insurance solutions.

The company serves customers across the United States through a combination of retail insurance agencies and wholesale distribution operations. Its services include insurance placement, consultation and support, helping clients evaluate coverage options and manage their insurance needs.