TWFG (NASDAQ:TWFG) Shares Gap Down – Here’s What Happened
by Jessica Moore · The Cerbat GemTWFG, Inc. (NASDAQ:TWFG – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $27.64, but opened at $26.41. TWFG shares last traded at $26.72, with a volume of 5,087 shares changing hands.
Analysts Set New Price Targets
TWFG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. UBS Group reduced their price objective on shares of TWFG from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, October 8th. Royal Bank Of Canada started coverage on shares of TWFG in a report on Monday, November 24th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, Morgan Stanley upped their price target on shares of TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.86.
Read Our Latest Stock Analysis on TWFG
TWFG Trading Down 2.7%
The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.44 billion, a P/E ratio of 58.34 and a beta of 0.11. The business’s fifty day simple moving average is $27.95 and its two-hundred day simple moving average is $28.11.
TWFG (NASDAQ:TWFG – Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. TWFG had a net margin of 2.87% and a return on equity of 8.74%. The company had revenue of $64.12 million for the quarter, compared to the consensus estimate of $64.15 million. As a group, analysts forecast that TWFG, Inc. will post 0.57 earnings per share for the current year.
Institutional Trading of TWFG
Hedge funds have recently modified their holdings of the company. Quantbot Technologies LP grew its stake in shares of TWFG by 52.5% in the 2nd 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 period. Russell Investments Group Ltd. acquired a new stake in TWFG in the 3rd quarter valued at $142,000. State of Tennessee Department of Treasury bought a new stake in TWFG in the second quarter valued at $155,000. State of Wyoming raised its stake in TWFG by 42.0% during the second quarter. State of Wyoming now owns 5,188 shares of the company’s stock worth $182,000 after acquiring an additional 1,535 shares in the last quarter. Finally, Man Group plc bought a new position in shares of TWFG during the second quarter valued at $223,000.
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.