TWFG, Inc. (NASDAQ:TWFG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of TWFG, Inc. (NASDAQ:TWFG) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $25.8571.

TWFG has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th. UBS Group upped their target price on shares of TWFG from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Zacks Research raised shares of TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Piper Sandler cut their price target on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, May 8th.

Insider Buying and Selling

In other news, Director Michael Doak bought 7,865 shares of the company’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $19.45 per share, with a total value of $152,974.25. Following the transaction, the director directly owned 765,587 shares in the company, valued at $14,890,667.15. This represents a 1.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have bought 160,852 shares of company stock valued at $3,034,663. Company insiders own 68.44% of the company’s stock.

Hedge Funds Weigh In On TWFG

Several institutional investors have recently modified their holdings of TWFG. Bank of America Corp DE increased its position in shares of TWFG by 26.7% during the first quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock valued at $995,000 after acquiring an additional 11,415 shares during the last quarter. Renaissance Technologies LLC boosted its position in TWFG by 201.9% in the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after purchasing an additional 79,127 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in TWFG in the first quarter worth $1,243,000. Bank of New York Mellon Corp grew its stake in TWFG by 20.1% in the 1st quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock valued at $270,000 after purchasing an additional 2,459 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in TWFG by 0.9% in 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 period.

TWFG Price Performance

TWFG stock opened at $25.95 on Monday. TWFG has a twelve month low of $16.56 and a twelve month high of $34.09. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $20.95 and its 200-day moving average is $21.63. The firm has a market capitalization of $1.41 billion, a PE ratio of 48.06 and a beta of 0.21.

TWFG (NASDAQ:TWFG) last announced its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.09. TWFG had a return on equity of 15.96% and a net margin of 3.04%.The company had revenue of $72.84 million for the quarter, compared to analysts’ expectations of $67.67 million. Sell-side analysts expect that TWFG will post 0.97 EPS for the current fiscal year.

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.