Wall Street Zen Downgrades TWFG (NASDAQ:TWFG) to Hold

TWFG (NASDAQ:TWFG) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other analysts also recently issued reports on the stock. Royal Bank Of Canada upped their price target on shares of TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of TWFG from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Keefe, Bruyette & Woods lifted their price objective on TWFG from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 8th. Zacks Research raised TWFG from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Finally, Truist Financial set a $23.00 target price on TWFG in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.43.

TWFG Stock Performance

TWFG opened at $27.64 on Friday. The business’s fifty day moving average is $24.38 and its two-hundred day moving average is $21.51. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 46.85 and a beta of 0.15. TWFG has a one year low of $16.56 and a one year high of $29.99.

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

Insider Activity

In other news, Director Michael Doak purchased 7,865 shares of the stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of $19.45 per share, for a total transaction of $152,974.25. Following the completion of the acquisition, the director directly owned 765,587 shares in the company, valued at $14,890,667.15. This represents a 1.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 160,852 shares of company stock worth $3,034,663. 68.44% of the stock is owned by company insiders.

Institutional Trading of TWFG

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp grew 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 purchasing an additional 454 shares during the period. Quadrant Capital Group LLC purchased a new position in TWFG during the fourth quarter worth about $68,000. Quantbot Technologies LP boosted its stake in TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after buying an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in TWFG in the 3rd quarter worth about $142,000. Finally, State of Tennessee Department of Treasury purchased a new stake in TWFG in the 2nd quarter valued at about $155,000.

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.