TWFG (NASDAQ:TWFG) Upgraded at Wall Street Zen

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

Other equities research analysts also recently issued reports about the stock. Weiss Ratings raised shares of TWFG from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 17th. Royal Bank Of Canada boosted their target price on shares of TWFG from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Morgan Stanley increased their target price on shares of TWFG from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Zacks Research upgraded shares of TWFG from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, UBS Group raised their target price on shares of TWFG from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, TWFG has an average rating of “Moderate Buy” and a consensus price target of $26.86.

TWFG Stock Up 2.1%

TWFG opened at $27.37 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71. The company has a market capitalization of $1.48 billion, a PE ratio of 50.69 and a beta of 0.15. The stock’s fifty day moving average is $23.45 and its 200-day moving average is $21.44. TWFG has a one year low of $16.56 and a one year high of $31.07.

TWFG (NASDAQ:TWFG) last announced its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.09. The business had revenue of $72.84 million during the quarter, compared to analysts’ expectations of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. On average, equities analysts predict that TWFG will post 0.98 EPS for the current fiscal year.

Insider Buying and Selling at TWFG

In related news, Director Michael Doak purchased 24,880 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were purchased at an average price of $18.62 per share, with a total value of $463,265.60. Following the purchase, the director owned 668,398 shares of the company’s stock, valued at $12,445,570.76. This trade represents a 3.87% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders acquired 160,852 shares of company stock valued at $3,034,663. Company insiders own 68.44% of the company’s stock.

Institutional Trading of TWFG

A number of hedge funds have recently bought and sold shares of TWFG. Fifth Third Bancorp lifted its stake in TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after acquiring an additional 454 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in TWFG by 7.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock valued at $382,000 after acquiring an additional 970 shares in the last quarter. Quantbot Technologies LP grew its stake in TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after acquiring an additional 1,395 shares in the last quarter. State of Wyoming increased its holdings in shares of TWFG by 42.0% in the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock valued at $182,000 after purchasing an additional 1,535 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of TWFG by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock valued at $950,000 after purchasing an additional 1,800 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.