TWFG (NASDAQ:TWFG) Stock Price Down 5.6% – Time to Sell?

Shares of TWFG, Inc. (NASDAQ:TWFG) fell 5.6% during trading on Thursday . The stock traded as low as $29.19 and last traded at $29.1850. Approximately 81,259 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 215,459 shares. The stock had previously closed at $30.90.

Wall Street Analysts Forecast Growth

TWFG has been the subject of a number of research analyst reports. Zacks Research lowered TWFG from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Royal Bank Of Canada increased their price target on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Truist Financial set a $23.00 price objective on TWFG in a research note on Monday, June 8th. UBS Group upped their price objective on TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Keefe, Bruyette & Woods raised their target price on shares of TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.57.

TWFG Price Performance

The company has a market cap of $1.58 billion, a PE ratio of 49.52 and a beta of 0.16. The company has a 50-day moving average of $26.23 and a 200 day moving average of $21.73.

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

Insider Buying and Selling at TWFG

In related news, Director Michael Doak purchased 22,994 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average price of $18.62 per share, for a total transaction of $428,148.28. Following the acquisition, the director owned 746,722 shares of the company’s stock, valued at approximately $13,903,963.64. This represents a 3.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders purchased 69,689 shares of company stock worth $1,323,855. Insiders own 68.44% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in TWFG by 201.9% in the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after purchasing an additional 79,127 shares during the period. Capital International Investors boosted 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 valued at $27,576,000 after buying an additional 511,469 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of TWFG during the first quarter valued at approximately $1,243,000. Giverny Capital Inc. grew its stake in shares of TWFG by 10.4% during the fourth quarter. Giverny Capital Inc. now owns 331,511 shares of the company’s stock valued at $9,538,000 after buying an additional 31,194 shares during the last quarter. Finally, Blalock Williams LLC raised its holdings in shares of TWFG by 14.9% in the second quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock worth $551,000 after buying an additional 2,978 shares during the period.

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.