TWFG, Inc. (NASDAQ:TWFG) Given Consensus Rating of “Moderate Buy” by Analysts

TWFG, Inc. (NASDAQ:TWFG) has earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $24.8571.

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of TWFG in a report on Monday, June 8th. Morgan Stanley reduced their price target on TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Piper Sandler reduced their price objective on TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their price objective on TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th.

TWFG Trading Down 3.4%

Shares of NASDAQ TWFG opened at $20.97 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71. The business’s 50 day moving average price is $19.32 and its 200-day moving average price is $22.15. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $36.79. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 38.83 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping 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 firm had revenue of $72.84 million for the quarter, compared to the consensus estimate of $67.67 million. On average, sell-side analysts expect that TWFG will post 0.97 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Michael Doak acquired 24,880 shares of TWFG stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of $18.62 per share, for a total transaction of $463,265.60. Following the acquisition, the director directly owned 668,398 shares of the company’s stock, valued at $12,445,570.76. This trade represents a 3.87% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders acquired 160,852 shares of company stock worth $3,034,663. Company insiders own 68.44% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after acquiring an additional 454 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in TWFG during the 4th quarter valued at $68,000. Quantbot Technologies LP boosted its position in TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after acquiring an additional 1,395 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in TWFG during the 3rd quarter valued at $142,000. Finally, State of Tennessee Department of Treasury bought a new stake in TWFG during the 2nd quarter valued at $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.