TWFG (NASDAQ:TWFG) Shares Gap Down – Time to Sell?

Shares of TWFG, Inc. (NASDAQ:TWFG) gapped down prior to trading on Friday . The stock had previously closed at $30.90, but opened at $29.48. TWFG shares last traded at $29.88, with a volume of 1,896 shares traded.

Wall Street Analyst Weigh In

TWFG has been the topic of several recent analyst reports. Morgan Stanley raised shares of TWFG from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $26.00 to $30.00 in a research report on Wednesday, August 19th. Piper Sandler upped their target price on TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. UBS Group increased their price target on TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. lifted their price target on TWFG from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on TWFG from $26.00 to $29.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, TWFG currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.57.

TWFG Stock Up 3.2%

The company’s 50-day moving average is $26.38 and its two-hundred day moving average is $21.76. The company has a market cap of $1.63 billion, a P/E ratio of 51.17 and a beta of 0.16.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.26 by $0.12. The business had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. On average, analysts anticipate that TWFG, Inc. will post 1.09 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael Doak purchased 7,865 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $19.45 per share, for a total transaction of $152,974.25. Following the purchase, the director directly owned 765,587 shares in the company, valued at approximately $14,890,667.15. This trade represents a 1.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have purchased 58,359 shares of company stock worth $1,110,058. Company insiders own 68.44% of the company’s stock.

Hedge Funds Weigh In On TWFG

Several institutional investors have recently bought and sold shares of TWFG. Fifth Third Bancorp grew its holdings in TWFG by 102.7% during 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 bought a new stake in shares of TWFG in the fourth quarter valued at $68,000. Quantbot Technologies LP lifted its position in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after buying an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of TWFG during the 3rd quarter valued at $142,000. Finally, State of Tennessee Department of Treasury bought a new position in shares of TWFG during the 2nd quarter worth $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.