UBS Group Cuts TWFG (NASDAQ:TWFG) Price Target to $34.00

TWFG (NASDAQ:TWFG) had its target price decreased by UBS Group from $39.00 to $34.00 in a research note issued to investors on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other research firms have also recently commented on TWFG. Piper Sandler cut their price target on TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Royal Bank Of Canada started coverage on TWFG in a research report on Monday, November 24th. They set an “outperform” rating and a $33.00 price objective on the stock. Morgan Stanley cut their target price on TWFG from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of TWFG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.00.

TWFG Price Performance

NASDAQ:TWFG opened at $19.41 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 101.35 and a quick ratio of 101.35. TWFG has a one year low of $16.56 and a one year high of $36.85. The company has a fifty day moving average price of $23.20 and a 200 day moving average price of $25.61. The stock has a market cap of $1.09 billion, a P/E ratio of 38.06 and a beta of 0.35.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. The company had revenue of $70.26 million for the quarter, compared to analyst estimates of $60.81 million. TWFG had a net margin of 3.11% and a return on equity of 13.72%. Analysts anticipate that TWFG will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On TWFG

Large investors have recently modified their holdings of the stock. Capital International Investors lifted its position in shares of TWFG by 114.4% during the 4th quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after buying an additional 511,469 shares during the period. Central Securities Corp bought a new stake in TWFG in the third quarter valued at $12,348,000. Riverbridge Partners LLC raised its stake in TWFG by 57.6% during the third quarter. Riverbridge Partners LLC now owns 542,661 shares of the company’s stock worth $14,891,000 after acquiring an additional 198,394 shares in the last quarter. Giverny Capital Inc. acquired a new position in TWFG during the second quarter worth $6,225,000. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of TWFG by 179.8% during the fourth quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock valued at $7,358,000 after acquiring an additional 164,355 shares during the period.

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.