TWFG (NASDAQ:TWFG) Stock Rating Upgraded by Zacks Research

TWFG (NASDAQ:TWFG) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

Several other brokerages also recently weighed in on TWFG. UBS Group lifted their target price on TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Morgan Stanley upgraded 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 report on Wednesday, August 19th. 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 research report on Friday, August 7th. JPMorgan Chase & Co. reduced their price objective on TWFG from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. Finally, Piper Sandler upped their price target on shares of TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.29.

TWFG Stock Down 0.6%

Shares of NASDAQ TWFG opened at $24.26 on Monday. The stock’s 50 day moving average price is $26.98 and its two-hundred day moving average price is $23.39. TWFG has a 52-week low of $16.56 and a 52-week high of $31.30. The stock has a market capitalization of $1.31 billion, a P/E ratio of 23.93 and a beta of 0.28.

TWFG (NASDAQ:TWFG) last issued its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The firm had revenue of $87.51 million for the quarter, compared to analysts’ expectations 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 will post 1.09 EPS for the current year.

Institutional Trading of TWFG

Several hedge funds and other institutional investors have recently bought and sold shares of TWFG. Bank of New York Mellon Corp increased 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 acquiring an additional 2,459 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of TWFG in the second quarter worth about $72,000. Blalock Williams LLC increased its position 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 purchasing an additional 2,978 shares in the last quarter. Bank of America Corp DE boosted its position in TWFG by 26.7% in the first quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock valued at $995,000 after buying an additional 11,415 shares in the last quarter. Finally, Symphony Financial Ltd. Co. boosted its holdings 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 valued at $942,000 after acquiring an additional 23,682 shares in the last quarter.

TWFG Company Profile

TWFG, Inc is an independent insurance distribution company that operates through a network of agencies and affiliated producers. The company helps individuals and businesses obtain insurance coverage from a range of carriers rather than underwriting policies itself.

Its offerings include personal insurance products such as auto, homeowners, renters and other property and casualty coverage, as well as commercial insurance solutions for businesses. TWFG also provides access to life, health and related insurance products through its agency platform.

Founded in 2008, TWFG is headquartered in The Woodlands, Texas, and serves customers across the United States through its network of agency locations and insurance professionals.