TWFG (NASDAQ:TWFG) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of TWFG (NASDAQ:TWFG) from a buy rating to a hold rating in a research note published on Sunday.

TWFG has been the subject of several other reports. Weiss Ratings raised TWFG from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 17th. JPMorgan Chase & Co. upped their target price on TWFG from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Zacks Research upgraded TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Royal Bank Of Canada raised their price target on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Piper Sandler lifted their price target on TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $28.43.

TWFG Trading Down 0.7%

Shares of TWFG stock opened at $27.45 on Friday. TWFG has a 12-month low of $16.56 and a 12-month high of $29.99. The stock has a market cap of $1.49 billion, a PE ratio of 46.53 and a beta of 0.16. The company has a 50-day moving average of $24.55 and a two-hundred day moving average of $21.52.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $87.51 million during the quarter, compared to the consensus estimate of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. On average, sell-side analysts forecast that TWFG will post 0.98 EPS for the current fiscal year.

Insider Transactions at TWFG

In related news, Director Michael Doak bought 7,865 shares of TWFG stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of $19.45 per share, with a total value of $152,974.25. Following the purchase, the director owned 765,587 shares in the company, valued at $14,890,667.15. This represents a 1.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders purchased 160,852 shares of company stock valued at $3,034,663. 68.44% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TWFG

A number of institutional investors have recently made changes to their positions in the stock. Capital International Investors raised its position in shares of TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after buying an additional 511,469 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake 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 buying an additional 164,355 shares during the period. Victory Capital Management Inc. boosted its position in TWFG by 57.4% during the third quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock worth $9,645,000 after acquiring an additional 128,180 shares during the last quarter. Giverny Capital Inc. boosted its position in TWFG by 68.9% during the third quarter. Giverny Capital Inc. now owns 300,317 shares of the company’s stock worth $8,241,000 after acquiring an additional 122,469 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in TWFG by 201.9% in the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after acquiring an additional 79,127 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.