TWFG (NASDAQ:TWFG) Raised to “Hold” at Zacks Research

TWFG (NASDAQ:TWFG) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Piper Sandler decreased their price target on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Royal Bank Of Canada assumed coverage on shares of TWFG in a research note on Monday, November 24th. They set an “outperform” rating and a $33.00 price objective on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. JPMorgan Chase & Co. upped their target price 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. Finally, Morgan Stanley decreased their price target on TWFG from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.83.

TWFG Stock Down 0.5%

Shares of TWFG stock opened at $19.79 on Wednesday. TWFG has a twelve month low of $16.56 and a twelve month high of $36.85. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 38.80 and a beta of 0.35. The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $23.90 and a 200 day moving average price of $25.87.

TWFG (NASDAQ:TWFG) last posted its earnings results on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $68.83 million for the quarter, compared to analysts’ expectations of $60.81 million. TWFG had a net margin of 3.11% and a return on equity of 13.72%. Equities research analysts forecast that TWFG will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TWFG

A number of hedge funds and other institutional investors have recently bought and sold shares of TWFG. Fifth Third Bancorp raised its position in shares of TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 454 shares during the period. Quadrant Capital Group LLC acquired a new stake in TWFG in the fourth quarter worth $68,000. Quantbot Technologies LP lifted its stake in TWFG by 52.5% in the second 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. bought a new stake in TWFG in the third quarter valued at $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of TWFG during the second quarter valued at $155,000.

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.