TWFG, Inc. (NASDAQ:TWFG) Receives Consensus Rating of “Hold” from Brokerages

TWFG, Inc. (NASDAQ:TWFG) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $26.00.

Several research firms recently commented on TWFG. Zacks Research cut TWFG from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Wall Street Zen cut TWFG from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. UBS Group dropped their price objective on TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Morgan Stanley dropped their price objective on TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Piper Sandler dropped their price objective on TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th.

TWFG Trading Down 0.3%

TWFG stock opened at $18.86 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71. TWFG has a one year low of $16.56 and a one year high of $36.85. The stock has a market capitalization of $1.02 billion, a PE ratio of 34.93 and a beta of 0.46. The business’s fifty day moving average is $18.87 and its 200 day moving average is $23.04.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.20 by $0.09. TWFG had a return on equity of 15.96% and a net margin of 3.04%.The company had revenue of $72.84 million for the quarter, compared to analysts’ expectations of $67.67 million. On average, sell-side analysts predict that TWFG will post 0.88 EPS for the current year.

Insider Activity at TWFG

In other TWFG news, Director Michael Doak acquired 17,538 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $18.52 per share, with a total value of $324,803.76. Following the completion of the transaction, the director directly owned 621,518 shares of the company’s stock, valued at approximately $11,510,513.36. This represents a 2.90% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 68.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TWFG. Capital International Investors boosted its position in TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after purchasing an additional 511,469 shares during the last quarter. Central Securities Corp purchased a new position in TWFG in the third quarter worth about $12,348,000. Lord Abbett & CO. LLC boosted its position in TWFG by 179.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock worth $7,358,000 after purchasing an additional 164,355 shares during the last quarter. Victory Capital Management Inc. boosted its position in TWFG by 57.4% in the third quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock worth $9,645,000 after purchasing an additional 128,180 shares during the last quarter. Finally, Giverny Capital Inc. boosted its position in TWFG by 68.9% in the third quarter. Giverny Capital Inc. now owns 300,317 shares of the company’s stock worth $8,241,000 after purchasing an additional 122,469 shares during the last quarter.

TWFG Company Profile

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.