TWFG (NASDAQ:TWFG) Trading 5.8% Higher – Here’s Why

TWFG, Inc. (NASDAQ:TWFG) shares rose 5.8% during trading on Monday . The company traded as high as $18.57 and last traded at $18.55. Approximately 50,664 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 215,320 shares. The stock had previously closed at $17.53.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Wall Street Zen cut TWFG from a “buy” rating to a “hold” rating in a report on Sunday. Morgan Stanley lowered their price target on TWFG from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 5th. UBS Group dropped their price objective on TWFG from $39.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Finally, Piper Sandler reduced their target price on TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, TWFG currently has an average rating of “Hold” and a consensus price target of $30.00.

TWFG Stock Performance

The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 36.70 and a beta of 0.35. The company’s fifty day simple moving average is $21.13 and its 200 day simple moving average is $24.96. The company has a quick ratio of 107.86, a current ratio of 107.86 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG) last posted its earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. TWFG had a net margin of 3.11% and a return on equity of 13.51%. The company had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $60.81 million. On average, equities research analysts expect that TWFG, Inc. will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On TWFG

A number of institutional investors have recently made changes to their positions in TWFG. Fifth Third Bancorp grew its position in shares of TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after purchasing an additional 454 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in TWFG during the 4th quarter worth approximately $68,000. Quantbot Technologies LP boosted its stake in TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares during the period. Russell Investments Group Ltd. acquired a new position in TWFG in the 3rd quarter valued at $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in TWFG in the 2nd quarter valued at $155,000.

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.