TWFG (NASDAQ:TWFG) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of TWFG (NASDAQ:TWFG) from a hold rating to a buy rating in a report published on Saturday.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings upgraded TWFG from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 17th. Keefe, Bruyette & Woods raised their price objective on TWFG from $23.00 to $26.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 8th. Piper Sandler lifted their price objective on TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. UBS Group upped their target price on TWFG from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, Zacks Research upgraded TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.86.

TWFG Price Performance

NASDAQ:TWFG opened at $26.80 on Friday. TWFG has a 52 week low of $16.56 and a 52 week high of $31.14. 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 firm’s 50-day simple moving average is $23.28 and its 200 day simple moving average is $21.48. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 49.63 and a beta of 0.21.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The firm had revenue of $72.84 million during the quarter, compared to the consensus estimate of $67.67 million. As a group, sell-side analysts predict that TWFG will post 0.98 earnings per share for the current year.

Insider Transactions at TWFG

In other news, Director Michael Doak acquired 24,880 shares of the stock in a transaction on 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 transaction, the director directly owned 668,398 shares in the company, valued at approximately $12,445,570.76. This trade represents a 3.87% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have purchased 160,852 shares of company stock valued at $3,034,663 over the last quarter. Company insiders own 68.44% of the company’s stock.

Institutional Investors Weigh In On TWFG

Large investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of TWFG by 26.7% during the 1st quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock worth $995,000 after buying an additional 11,415 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of TWFG by 201.9% during the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after buying an additional 79,127 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of TWFG during the 1st quarter worth $1,243,000. Bank of New York Mellon Corp boosted its stake in TWFG by 20.1% in the first quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock valued at $270,000 after buying an additional 2,459 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in TWFG by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock valued at $81,929,000 after buying an additional 26,742 shares in 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.