TWFG (NASDAQ:TWFG) Stock Rating Upgraded by Wall Street Zen

TWFG (NASDAQ:TWFG) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other equities research analysts also recently issued reports on TWFG. Weiss Ratings upgraded TWFG from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Zacks Research cut TWFG from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Piper Sandler lifted their target price on TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods boosted their price target on shares of TWFG from $26.00 to $29.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. Finally, Truist Financial set a $23.00 price target on shares of TWFG in a research report on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, TWFG has an average rating of “Moderate Buy” and a consensus price target of $29.57.

TWFG Price Performance

Shares of TWFG opened at $28.96 on Friday. The firm has a 50-day simple moving average of $25.66 and a two-hundred day simple moving average of $21.62. The stock has a market cap of $1.57 billion, a PE ratio of 49.08 and a beta of 0.15. TWFG has a 1-year low of $16.56 and a 1-year high of $29.99.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.26 by $0.12. The firm had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. As a group, sell-side analysts expect that TWFG will post 1.09 earnings per share for the current fiscal year.

Insider Transactions at TWFG

In related news, Director Michael Doak bought 24,880 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average cost of $18.62 per share, for a total transaction of $463,265.60. Following the completion of the acquisition, the director owned 668,398 shares in the company, valued at approximately $12,445,570.76. This trade represents a 3.87% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 116,569 shares of company stock valued at $2,206,220 in the last ninety days. Company insiders own 68.44% of the company’s stock.

Institutional Investors Weigh In On TWFG

Hedge funds have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. boosted its stake in shares of TWFG by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock valued at $81,929,000 after buying an additional 26,742 shares during the period. Capital International Investors grew its position in shares of TWFG by 114.4% during the fourth 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. Bamco Inc. NY increased its stake in shares of TWFG by 3.9% during the second quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock worth $31,572,000 after buying an additional 34,237 shares during the period. Vanguard Group Inc. increased its stake in shares of TWFG by 3.2% during the third quarter. Vanguard Group Inc. now owns 639,711 shares of the company’s stock worth $17,554,000 after buying an additional 19,720 shares during the period. Finally, Central Securities Corp raised its holdings in TWFG by 5.6% in the fourth quarter. Central Securities Corp now owns 475,000 shares of the company’s stock valued at $13,666,000 after acquiring an additional 25,000 shares in the last quarter.

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.