TWFG (NASDAQ:TWFG) Reaches New 52-Week High – Here’s What Happened

Shares of TWFG, Inc. (NASDAQ:TWFG) hit a new 52-week high during trading on Monday . The stock traded as high as $30.31 and last traded at $30.0150, with a volume of 16835 shares. The stock had previously closed at $28.96.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TWFG shares. Keefe, Bruyette & Woods lifted their target price on shares of TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. UBS Group raised their price target on TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Piper Sandler lifted their price objective on TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Truist Financial set a $23.00 price objective on TWFG in a report on Monday, June 8th. Finally, JPMorgan Chase & Co. increased their target price on TWFG from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.57.

TWFG Stock Up 2.9%

The firm has a market cap of $1.68 billion, a PE ratio of 52.80 and a beta of 0.16. The business has a 50-day moving average price of $26.03 and a two-hundred day moving average price of $21.70.

TWFG (NASDAQ:TWFG) last released its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%.The firm had revenue of $87.51 million during the quarter, compared to analyst estimates of $77.34 million. On average, equities research analysts predict that TWFG, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael Doak acquired 22,994 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average price of $18.62 per share, for a total transaction of $428,148.28. Following the purchase, the director owned 746,722 shares of the company’s stock, valued at $13,903,963.64. This represents a 3.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders bought 80,689 shares of company stock valued at $1,531,425. Company insiders own 68.44% of the company’s stock.

Institutional Trading of TWFG

Several hedge funds have recently added to or reduced their stakes in the company. Blalock Williams LLC grew its holdings in TWFG by 14.9% during the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock worth $551,000 after acquiring an additional 2,978 shares in the last quarter. Symphony Financial Ltd. Co. boosted its position in shares of TWFG by 153.7% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock worth $942,000 after acquiring an additional 23,682 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in TWFG in the second quarter valued at approximately $327,000. Bank of America Corp DE raised its holdings in TWFG by 26.7% during the first quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock worth $995,000 after purchasing an additional 11,415 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in 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 acquiring an additional 79,127 shares in the last quarter.

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.