TWFG (NASDAQ:TWFG) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of TWFG (NASDAQ:TWFG) from a hold rating to a buy rating in a research report report published on Saturday.

TWFG has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their price objective on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Morgan Stanley decreased their price objective on shares of TWFG from $28.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Zacks Research raised shares of TWFG from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. Finally, UBS Group decreased their price objective on shares of TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

TWFG Trading Down 0.9%

Shares of TWFG stock opened at $19.80 on Friday. The stock has a market capitalization of $1.11 billion, a P/E ratio of 38.82 and a beta of 0.57. 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 company has a 50-day simple moving average of $18.89 and a 200 day simple moving average of $23.93. TWFG has a 12-month low of $16.56 and a 12-month high of $36.85.

TWFG (NASDAQ:TWFG) last announced its earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $60.81 million. TWFG had a net margin of 3.11% and a return on equity of 13.51%. Research analysts expect that TWFG will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TWFG

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in shares of TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after purchasing an additional 454 shares during the last quarter. Quadrant Capital Group LLC bought a new position in shares of TWFG in the 4th quarter valued at about $68,000. Quantbot Technologies LP boosted its stake in shares of TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in shares of TWFG in the 2nd quarter valued at about $155,000. Finally, Russell Investments Group Ltd. bought a new position in shares of TWFG in the 3rd quarter valued at about $142,000.

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.