TWFG (NASDAQ:TWFG) Raised to Strong-Buy at Zacks Research

by · The Cerbat Gem

TWFG (NASDAQ:TWFG – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

A number of other analysts have also issued reports on the stock. Morgan Stanley upgraded shares of TWFG from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $26.00 to $30.00 in a research note on Wednesday, August 19th. Weiss Ratings raised shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. UBS Group raised their price objective on shares of TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada lifted their price objective on shares of TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.29.

View Our Latest Stock Report on TWFG

TWFG Trading Down 0.6%

Shares of NASDAQ TWFG opened at $24.26 on Monday. The stock has a market capitalization of $1.31 billion, a PE ratio of 41.12 and a beta of 0.28. TWFG has a twelve month low of $16.56 and a twelve month high of $31.30. The stock has a fifty day simple moving average of $26.98 and a 200-day simple moving average of $23.39.

TWFG (NASDAQ:TWFG – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%. The firm had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million. On average, equities analysts predict that TWFG will post 1.09 earnings per share for the current year.

Hedge Funds Weigh In On TWFG

Several large investors have recently bought and sold shares of TWFG. Integrated Wealth Concepts LLC purchased a new position in shares of TWFG in the 2nd quarter valued at about $72,000. Bank of New York Mellon Corp raised its position in shares of TWFG by 20.1% during the 1st quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock worth $270,000 after acquiring an additional 2,459 shares in the last quarter. Blalock Williams LLC raised its position in shares of TWFG by 14.9% during the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock worth $551,000 after acquiring an additional 2,978 shares in the last quarter. Symphony Financial Ltd. Co. lifted its stake in TWFG by 153.7% during the second quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock worth $942,000 after purchasing an additional 23,682 shares during the last quarter. Finally, Argent Capital Management LLC purchased a new stake in TWFG during the third quarter worth approximately $983,000.

TWFG Company Profile

(Get Free Report)

TWFG, Inc is an independent insurance distribution company that operates through a network of agencies and affiliated producers. The company helps individuals and businesses obtain insurance coverage from a range of carriers rather than underwriting policies itself.

Its offerings include personal insurance products such as auto, homeowners, renters and other property and casualty coverage, as well as commercial insurance solutions for businesses. TWFG also provides access to life, health and related insurance products through its agency platform.

Founded in 2008, TWFG is headquartered in The Woodlands, Texas, and serves customers across the United States through its network of agency locations and insurance professionals.

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