TWFG (NASDAQ:TWFG) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of TWFG (NASDAQ:TWFG) from a buy rating to a hold rating in a research note released on Sunday morning.

A number of other equities analysts have also commented on the stock. Morgan Stanley dropped their price target on shares of TWFG from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. UBS Group dropped their target price on shares of TWFG from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Zacks Research raised shares of TWFG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Piper Sandler decreased their price target on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, TWFG currently has a consensus rating of “Hold” and a consensus price target of $30.00.

TWFG Stock Performance

TWFG opened at $18.39 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 107.86 and a current ratio of 107.86. The company has a market cap of $1.03 billion, a PE ratio of 36.06 and a beta of 0.35. The stock has a 50-day moving average of $20.85 and a 200-day moving average of $24.87. TWFG has a 52-week low of $16.56 and a 52-week high of $36.85.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $70.26 million for the quarter, compared to the consensus estimate of $60.81 million. TWFG had a return on equity of 13.51% and a net margin of 3.11%. As a group, equities research analysts forecast that TWFG will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TWFG

Several hedge funds and other institutional investors have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. raised its stake in 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. Capital International Investors grew its position in TWFG by 114.4% in the 4th quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after purchasing an additional 511,469 shares during the last quarter. Bamco Inc. NY increased its holdings in shares of TWFG by 5.8% during the 3rd quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock worth $26,181,000 after purchasing an additional 52,067 shares during the period. Vanguard Group Inc. increased its holdings in shares of TWFG by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 639,711 shares of the company’s stock worth $17,554,000 after purchasing an additional 19,720 shares during the period. Finally, Riverbridge Partners LLC raised its position in shares of TWFG by 9.4% during the fourth quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock valued at $17,082,000 after buying an additional 51,083 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.