TWFG (NASDAQ:TWFG) Downgraded to “Hold” Rating by Wall Street Zen

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

A number of other equities analysts have also weighed in on TWFG. Morgan Stanley dropped their target price on shares of TWFG from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Piper Sandler reduced their price target on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. UBS Group dropped their price objective on shares of TWFG from $39.00 to $34.00 and set a “buy” rating for the company in a report on Monday, March 9th. Zacks Research upgraded TWFG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.00.

TWFG Stock Down 4.3%

NASDAQ TWFG opened at $17.53 on Friday. The stock’s 50 day moving average is $21.13 and its 200 day moving average is $24.95. The company has a current ratio of 107.86, a quick ratio of 107.86 and a debt-to-equity ratio of 0.01. TWFG has a 12 month low of $16.56 and a 12 month high of $36.85. The stock has a market cap of $985.19 million, a PE ratio of 34.37 and a beta of 0.35.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $70.26 million during the quarter, compared to analyst estimates of $60.81 million. TWFG had a net margin of 3.11% and a return on equity of 13.51%. Research analysts predict that TWFG will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On TWFG

Large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its stake in TWFG by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock valued at $81,929,000 after purchasing an additional 26,742 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of TWFG in the 4th quarter worth about $337,000. Balyasny Asset Management L.P. bought a new stake in shares of TWFG in the 4th quarter worth about $285,000. Schonfeld Strategic Advisors LLC raised its position in shares of TWFG by 92.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 26,848 shares of the company’s stock valued at $772,000 after buying an additional 12,912 shares in the last quarter. Finally, Gillson Capital LP raised its position in shares of TWFG by 14.6% during the 4th quarter. Gillson Capital LP now owns 169,065 shares of the company’s stock valued at $4,864,000 after buying an additional 21,565 shares in the last quarter.

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.