TWFG (NASDAQ:TWFG) Stock Rating Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of TWFG (NASDAQ:TWFG) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Other equities analysts have also issued reports about the stock. Zacks Research lowered shares of TWFG from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Weiss Ratings upgraded shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Piper Sandler raised their price target on shares of TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Morgan Stanley raised shares of TWFG from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $26.00 to $30.00 in a report on Wednesday, August 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TWFG has a consensus rating of “Moderate Buy” and a consensus target price of $29.29.

TWFG Stock Performance

Shares of NASDAQ TWFG opened at $24.76 on Friday. The stock has a market cap of $1.34 billion, a PE ratio of 41.97 and a beta of 0.28. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $31.30. The stock has a fifty day moving average of $27.10 and a 200-day moving average of $23.27.

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, topping analysts’ consensus estimates of $0.26 by $0.12. The business had revenue of $87.51 million for the quarter, compared to analysts’ expectations of $77.34 million. TWFG had a return on equity of 19.49% and a net margin of 2.90%. On average, sell-side analysts predict that TWFG will post 1.09 EPS for the current year.

Hedge Funds Weigh In On TWFG

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Argent Capital Management LLC purchased a new stake in shares of TWFG during the 3rd quarter valued at $983,000. Integrated Wealth Concepts LLC bought a new stake in shares of TWFG during the 2nd quarter worth $72,000. Giverny Capital Inc. grew its position in TWFG by 18.2% in the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock worth $15,691,000 after acquiring an additional 100,345 shares in the last quarter. Blalock Williams LLC grew its position in 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 acquiring an additional 2,978 shares in the last quarter. Finally, Symphony Financial Ltd. Co. increased its stake in TWFG by 153.7% in the second quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock valued at $942,000 after acquiring an additional 23,682 shares during the last quarter.

About TWFG

TWFG, Inc is an independent insurance distribution company that operates through a network of agencies and affiliated producers. The company helps individuals and businesses obtain insurance coverage from a range of carriers rather than underwriting policies itself.

Its offerings include personal insurance products such as auto, homeowners, renters and other property and casualty coverage, as well as commercial insurance solutions for businesses. TWFG also provides access to life, health and related insurance products through its agency platform.

Founded in 2008, TWFG is headquartered in The Woodlands, Texas, and serves customers across the United States through its network of agency locations and insurance professionals.