UBS Group Cuts TWFG (NASDAQ:TWFG) Price Target to $31.00

TWFG (NASDAQ:TWFG) had its target price cut by UBS Group from $34.00 to $31.00 in a research note published on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on TWFG. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. Piper Sandler dropped their price target 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. Zacks Research raised shares of TWFG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Morgan Stanley decreased their price objective on shares of TWFG from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Finally, Wall Street Zen upgraded shares of TWFG from a “hold” rating to a “buy” rating in a research note on Monday, April 6th. Three 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.50.

TWFG Stock Down 2.8%

TWFG stock opened at $17.92 on Wednesday. The company has a market cap of $1.01 billion, a P/E ratio of 35.14 and a beta of 0.57. TWFG has a 52 week low of $16.56 and a 52 week high of $36.85. The company’s 50-day moving average price is $19.71 and its 200 day moving average price is $24.51. 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 (NASDAQ:TWFG) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. TWFG had a net margin of 3.11% and a return on equity of 13.51%. The company had revenue of $70.26 million for the quarter, compared to the consensus estimate of $60.81 million. On average, research analysts expect that TWFG will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of TWFG

Institutional investors have recently made changes to their positions in the stock. Central Securities Corp acquired a new stake in TWFG in the third quarter valued at approximately $12,348,000. Ascent Group LLC lifted its stake in TWFG by 86.2% in the third quarter. Ascent Group LLC now owns 90,402 shares of the company’s stock valued at $2,481,000 after acquiring an additional 41,855 shares during the last quarter. Bamco Inc. NY lifted its stake in TWFG by 5.8% in the third quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock valued at $26,181,000 after acquiring an additional 52,067 shares during the last quarter. Riverbridge Partners LLC lifted its stake in shares of TWFG by 57.6% in the third quarter. Riverbridge Partners LLC now owns 542,661 shares of the company’s stock worth $14,891,000 after buying an additional 198,394 shares during the last quarter. Finally, Next Century Growth Investors LLC increased its position in TWFG by 34.0% during the second quarter. Next Century Growth Investors LLC now owns 144,398 shares of the company’s stock worth $5,054,000 after acquiring an additional 36,662 shares during the period.

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.