Analysts Set TWFG, Inc. (NASDAQ:TWFG) PT at $30.00

TWFG, Inc. (NASDAQ:TWFG) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $29.3333.

Several analysts have recently commented on the company. Zacks Research raised TWFG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Morgan Stanley lowered their price objective on TWFG from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday. UBS Group lowered their price objective on TWFG from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised TWFG from a “hold” rating to a “buy” rating in a research note on Monday.

TWFG Stock Performance

Shares of TWFG stock opened at $18.61 on Friday. The company has a market cap of $1.05 billion, a PE ratio of 36.49 and a beta of 0.57. TWFG has a 52 week low of $16.56 and a 52 week high of $36.85. The business has a 50 day moving average price of $20.22 and a 200-day moving average price of $24.69. 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 issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. The firm had revenue of $70.26 million during the quarter, compared to the consensus estimate of $60.81 million. TWFG had a return on equity of 13.51% and a net margin of 3.11%. Equities analysts anticipate that TWFG will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of TWFG

A number of institutional investors and hedge funds have recently modified their holdings of TWFG. Capital International Investors increased its position in shares of TWFG by 114.4% during the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after acquiring an additional 511,469 shares during the last quarter. Central Securities Corp purchased a new stake in shares of TWFG during the third quarter valued at approximately $12,348,000. Riverbridge Partners LLC increased its position in shares of TWFG by 57.6% during the third quarter. Riverbridge Partners LLC now owns 542,661 shares of the company’s stock valued at $14,891,000 after acquiring an additional 198,394 shares during the last quarter. Lord Abbett & CO. LLC increased its position 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 last quarter. Finally, Victory Capital Management Inc. increased its position in shares of TWFG by 57.4% during the third quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock valued at $9,645,000 after acquiring an additional 128,180 shares during the last quarter.

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.