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

TWFG (NASDAQ:TWFG) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday, Wall Street Zen reports.

TWFG has been the topic of several other reports. Keefe, Bruyette & Woods upped their target price on TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. Piper Sandler raised their target price on TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. UBS Group raised their price objective on TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Zacks Research raised TWFG from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Finally, Royal Bank Of Canada upped their target price on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, TWFG has an average rating of “Moderate Buy” and an average price target of $29.29.

TWFG Stock Up 6.1%

TWFG opened at $28.60 on Friday. The company has a market cap of $1.55 billion, a P/E ratio of 26.75 and a beta of 0.28. The firm’s 50-day moving average price is $26.74 and its 200-day moving average price is $23.19. TWFG has a 52-week low of $16.56 and a 52-week high of $31.30.

TWFG (NASDAQ:TWFG) last released its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $87.51 million during the quarter, compared to analysts’ expectations of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. On average, research analysts anticipate that TWFG will post 1.10 EPS for the current fiscal year.

Hedge Funds Weigh In On TWFG

Several institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new position in TWFG during the second quarter worth approximately $72,000. State of Wyoming purchased a new stake in shares of TWFG in the third quarter valued at approximately $182,000. Bank of New York Mellon Corp purchased a new stake in shares of TWFG in the second quarter valued at approximately $327,000. Blalock Williams LLC increased its position in shares of TWFG by 14.9% in the second quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock valued at $551,000 after buying an additional 2,978 shares in the last quarter. Finally, Symphony Financial Ltd. Co. raised its stake in shares of TWFG by 153.7% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock worth $942,000 after buying an additional 23,682 shares during the period.

TWFG Company Profile

TWFG, Inc (NASDAQ: TWFG) is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Through its agency network, the company provides access to personal and commercial property and casualty coverage, as well as life, health and other insurance solutions.

The company serves customers across the United States through a combination of retail insurance agencies and wholesale distribution operations. Its services include insurance placement, consultation and support, helping clients evaluate coverage options and manage their insurance needs.