TWFG (NASDAQ:TWFG) Sets New 52-Week Low – Time to Sell?

TWFG, Inc. (NASDAQ:TWFG)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $23.51 and last traded at $23.95, with a volume of 164004 shares changing hands. The stock had previously closed at $25.91.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, November 17th. Morgan Stanley upped their target price on TWFG from $30.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. Zacks Research cut TWFG from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada began coverage on TWFG in a research report on Monday, November 24th. They issued an “outperform” rating and a $33.00 price target for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.86.

TWFG Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 101.35 and a current ratio of 101.35. The stock has a market cap of $1.35 billion, a PE ratio of 54.43 and a beta of 0.11. The firm has a fifty day moving average price of $27.28 and a 200 day moving average price of $27.07.

TWFG (NASDAQ:TWFG) last announced its earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. TWFG had a return on equity of 8.74% and a net margin of 2.87%.The company had revenue of $64.12 million for the quarter, compared to analyst estimates of $64.15 million. Research analysts forecast that TWFG, Inc. will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of TWFG

Institutional investors have recently bought and sold shares of the stock. Central Securities Corp acquired a new stake in TWFG during the 3rd quarter worth about $12,348,000. Riverbridge Partners LLC increased its holdings in shares of TWFG by 57.6% in the third quarter. Riverbridge Partners LLC now owns 542,661 shares of the company’s stock valued at $14,891,000 after purchasing an additional 198,394 shares during the period. Giverny Capital Inc. purchased a new position in shares of TWFG in the second quarter worth about $6,225,000. Victory Capital Management Inc. raised its stake in shares of TWFG by 57.4% in the third quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock worth $9,645,000 after purchasing an additional 128,180 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC acquired a new stake in shares of TWFG during the second quarter worth about $2,809,000.

About TWFG

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.