Keefe, Bruyette & Woods Has Lowered Expectations for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its target price decreased by investment analysts at Keefe, Bruyette & Woods from $31.00 to $25.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 30.59% from the company’s current price.

Several other brokerages have also issued reports on TWFG. Piper Sandler decreased their price target on TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Zacks Research upgraded TWFG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Morgan Stanley reduced their price objective on TWFG from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, UBS Group reduced their price objective on TWFG from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, TWFG presently has a consensus rating of “Hold” and an average price target of $28.17.

TWFG Price Performance

Shares of TWFG traded up $0.53 during midday trading on Tuesday, hitting $19.14. The company’s stock had a trading volume of 142,828 shares, compared to its average volume of 220,559. TWFG has a one year low of $16.56 and a one year high of $36.85. The company’s fifty day simple moving average is $20.22 and its two-hundred day simple moving average is $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. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 37.53 and a beta of 0.57.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. TWFG had a return on equity of 13.51% and a net margin of 3.11%.The company had revenue of $70.26 million for the quarter, compared to analyst estimates of $60.81 million. As a group, equities analysts expect that TWFG will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TWFG

A number of hedge funds and other institutional investors have recently bought and sold shares of TWFG. Fifth Third Bancorp lifted its holdings in TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after buying an additional 454 shares during the period. Quadrant Capital Group LLC acquired a new position in TWFG during the 4th quarter worth about $68,000. Quantbot Technologies LP lifted its holdings in TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after buying an additional 1,395 shares during the period. State of Tennessee Department of Treasury acquired a new position in TWFG during the 2nd quarter worth about $155,000. Finally, Russell Investments Group Ltd. acquired a new position in TWFG during the 3rd quarter worth about $142,000.

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.