TWFG (NASDAQ:TWFG) Shares Down 7.6% – Time to Sell?

TWFG, Inc. (NASDAQ:TWFG)’s share price was down 7.6% during trading on Thursday . The company traded as low as $17.54 and last traded at $17.4550. Approximately 87,372 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 240,077 shares. The stock had previously closed at $18.90.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th. Keefe, Bruyette & Woods lowered their target price on shares of TWFG from $31.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Zacks Research cut shares of TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Piper Sandler reduced their price objective on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.50.

TWFG Trading Down 6.6%

The stock’s fifty day moving average price is $19.08 and its 200 day moving average price is $23.36. The stock has a market capitalization of $991.99 million, a P/E ratio of 32.69 and a beta of 0.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 107.86.

TWFG (NASDAQ:TWFG) last issued its earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The business had revenue of $72.84 million for the quarter, compared to the consensus estimate of $67.67 million. Research analysts forecast that TWFG, Inc. will post 0.88 earnings per share for the current year.

Institutional Trading of TWFG

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new position in TWFG during the 1st quarter worth about $1,243,000. Bank of New York Mellon Corp lifted its position in shares of TWFG by 20.1% in the 1st quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock worth $270,000 after purchasing an additional 2,459 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of TWFG by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock valued at $81,929,000 after purchasing an additional 26,742 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in TWFG during the fourth quarter valued at approximately $337,000. Finally, Balyasny Asset Management L.P. bought a new position in TWFG in the fourth quarter worth approximately $285,000.

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.