TWFG (NASDAQ:TWFG) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of TWFG (NASDAQ:TWFG) from a hold rating to a buy rating in a research note issued to investors on Saturday.

A number of other brokerages have also recently issued reports on TWFG. UBS Group decreased their target price on TWFG from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Royal Bank Of Canada initiated coverage on TWFG in a report on Monday, November 24th. They set an “outperform” rating and a $33.00 target price for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. Piper Sandler dropped their price target on TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Finally, Morgan Stanley cut their price objective on TWFG from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, TWFG has a consensus rating of “Hold” and an average target price of $30.00.

TWFG Stock Up 1.2%

Shares of TWFG stock opened at $18.44 on Friday. TWFG has a 1 year low of $16.56 and a 1 year high of $36.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 107.86 and a current ratio of 107.86. The business’s fifty day moving average is $21.97 and its 200-day moving average is $25.23. The stock has a market cap of $1.04 billion, a PE ratio of 36.16 and a beta of 0.35.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $70.26 million during the quarter, compared to analyst estimates of $60.81 million. TWFG had a return on equity of 13.51% and a net margin of 3.11%. Equities analysts expect that TWFG will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Central Securities Corp acquired a new stake in shares of TWFG in the 3rd quarter valued at $12,348,000. Ascent Group LLC increased its position in TWFG by 86.2% during the third quarter. Ascent Group LLC now owns 90,402 shares of the company’s stock worth $2,481,000 after buying an additional 41,855 shares during the last quarter. Giverny Capital Inc. acquired a new position in TWFG during the second quarter worth $6,225,000. Bamco Inc. NY raised its holdings in TWFG by 5.8% during the third quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock valued at $26,181,000 after buying an additional 52,067 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in TWFG during the second quarter valued at about $342,000.

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.