TWFG (NASDAQ:TWFG) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of TWFG (NASDAQ:TWFG) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

TWFG has been the subject of a number of other reports. Morgan Stanley decreased their price target on TWFG from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Truist Financial set a $23.00 price target on TWFG in a research note on Monday. JPMorgan Chase & Co. decreased their price target on TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. UBS Group decreased their price target on TWFG from $31.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of TWFG in a research note on Monday. One equities 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 given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.86.

TWFG Stock Up 3.8%

Shares of NASDAQ TWFG opened at $20.65 on Monday. TWFG has a 1 year low of $16.56 and a 1 year high of $36.79. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 38.24 and a beta of 0.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71. The stock’s 50-day simple moving average is $18.94 and its 200-day simple moving average is $22.44.

TWFG (NASDAQ:TWFG) last announced its 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 business had revenue of $72.84 million for the quarter, compared to analyst estimates of $67.67 million. As a group, equities analysts anticipate that TWFG will post 0.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Doak bought 24,880 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average cost of $18.62 per share, for a total transaction of $463,265.60. Following the completion of the purchase, the director directly owned 668,398 shares in the company, valued at approximately $12,445,570.76. The trade was a 3.87% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought 160,852 shares of company stock valued at $3,034,663 in the last three months. 68.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TWFG

A number of hedge funds and other institutional investors have recently bought and sold shares of TWFG. Quantbot Technologies LP boosted its stake in TWFG by 52.5% in the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after acquiring an additional 1,395 shares during the period. Jane Street Group LLC acquired a new position in TWFG in the second quarter valued at approximately $1,219,000. Bank of America Corp DE boosted its stake in TWFG by 287.2% in the second quarter. Bank of America Corp DE now owns 50,618 shares of the company’s stock valued at $1,772,000 after acquiring an additional 37,546 shares during the period. Bamco Inc. NY boosted its stake in TWFG by 3.9% in the second quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock valued at $31,572,000 after acquiring an additional 34,237 shares during the period. Finally, Boothbay Fund Management LLC boosted its stake in TWFG by 225.5% in the second quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company’s stock valued at $1,447,000 after acquiring an additional 28,634 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.