TWFG (NASDAQ:TWFG) Stock Price Down 3.7% – Here’s What Happened

Shares of TWFG, Inc. (NASDAQ:TWFG) dropped 3.7% during mid-day trading on Friday . The company traded as low as $28.26 and last traded at $27.7130. Approximately 14,058 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 66,347 shares. The stock had previously closed at $28.77.

Wall Street Analyst Weigh In

TWFG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Morgan Stanley lifted their target price on TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. UBS Group reduced their price target on TWFG from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada started coverage on shares of TWFG in a report on Monday, November 24th. They issued an “outperform” rating and a $33.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $32.86.

TWFG Price Performance

The firm has a market capitalization of $1.58 billion, a P/E ratio of 63.85 and a beta of 0.11. The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $27.43 and its 200 day moving average is $28.63.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $64.12 million during the quarter, compared to analyst estimates of $64.15 million. TWFG had a return on equity of 8.74% and a net margin of 2.87%. As a group, analysts forecast that TWFG, Inc. will post 0.57 EPS for the current year.

Institutional Trading of TWFG

Several institutional investors have recently made changes to their positions in the stock. Riverbridge Partners LLC bought a new position in TWFG in the 2nd quarter worth approximately $12,049,000. Ascent Group LLC grew its position in TWFG by 131.0% in the 1st quarter. Ascent Group LLC now owns 43,883 shares of the company’s stock worth $1,356,000 after purchasing an additional 24,887 shares during the last quarter. Alyeska Investment Group L.P. grew its position in TWFG by 15.5% in the 1st quarter. Alyeska Investment Group L.P. now owns 263,324 shares of the company’s stock worth $8,139,000 after purchasing an additional 35,357 shares during the last quarter. Trexquant Investment LP bought a new position in shares of TWFG during the 1st quarter worth about $568,000. Finally, Giverny Capital Inc. acquired a new position in shares of TWFG during the second quarter valued at about $6,225,000.

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.