TWFG (NASDAQ:TWFG) Raised to “Buy” at Wall Street Zen

TWFG (NASDAQ:TWFG) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other research firms have also recently commented on TWFG. Morgan Stanley reduced 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 note on Thursday, March 5th. UBS Group cut their price target 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. Piper Sandler reduced their price objective on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Finally, Zacks Research upgraded TWFG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, TWFG presently has an average rating of “Hold” and an average price target of $30.00.

TWFG Stock Performance

NASDAQ:TWFG opened at $18.09 on Monday. TWFG has a 12-month low of $16.56 and a 12-month high of $36.85. The company has a current ratio of 107.86, a quick ratio of 107.86 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $20.38 and its 200-day simple moving average is $24.73. The firm has a market cap of $1.02 billion, a P/E ratio of 35.47 and a beta of 0.57.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. TWFG had a return on equity of 13.51% and a net margin of 3.11%.The firm had revenue of $70.26 million during the quarter, compared to the consensus estimate of $60.81 million. Equities analysts anticipate that TWFG will post 0.57 EPS for the current year.

Hedge Funds Weigh In On TWFG

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after purchasing an additional 454 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in TWFG during the fourth quarter worth $68,000. Quantbot Technologies LP grew its holdings in TWFG by 52.5% in the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of TWFG in the third quarter valued at $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of TWFG during the 2nd quarter worth $155,000.

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.