TWFG (NASDAQ:TWFG) Sets New 52-Week Low – Time to Sell?

TWFG, Inc. (NASDAQ:TWFG) reached a new 52-week low on Tuesday . The stock traded as low as $17.83 and last traded at $17.9750, with a volume of 39272 shares changing hands. The stock had previously closed at $18.36.

Wall Street Analyst Weigh In

A number of brokerages have commented on TWFG. Royal Bank Of Canada began coverage on TWFG in a research report on Monday, November 24th. They issued an “outperform” rating and a $33.00 price target for the company. Zacks Research lowered shares of TWFG from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Morgan Stanley raised their target price on shares of TWFG from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. JPMorgan Chase & Co. upped their price target on shares of TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.86.

TWFG Stock Performance

The firm’s 50 day simple moving average is $25.85 and its 200 day simple moving average is $26.48. The firm has a market cap of $975.63 million, a PE ratio of 30.12 and a beta of 0.10. The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01.

Institutional Trading of TWFG

A number of large investors have recently added to or reduced their stakes in TWFG. Capital International Investors grew its stake in shares of TWFG by 114.4% in the 4th quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after buying an additional 511,469 shares in the last quarter. Central Securities Corp purchased a new stake in shares of TWFG during the 3rd quarter valued at about $12,348,000. Riverbridge Partners LLC lifted its holdings in shares of TWFG by 57.6% in the 3rd 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. Giverny Capital Inc. bought a new position in shares of TWFG in the 2nd quarter valued at about $6,225,000. Finally, Lord Abbett & CO. LLC grew its position in TWFG by 179.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock worth $7,358,000 after acquiring an additional 164,355 shares in the last quarter.

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.