TWFG (NASDAQ:TWFG) Cut to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of TWFG (NASDAQ:TWFG – Free Report) from a buy rating to a hold rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

Other equities research analysts have also issued research reports about the company. Weiss Ratings upgraded TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Zacks Research raised TWFG from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Piper Sandler upped their target price on TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Morgan Stanley upgraded TWFG from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $26.00 to $30.00 in a research report on Wednesday, August 19th. Finally, UBS Group lifted their price target on TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, TWFG currently has an average rating of “Moderate Buy” and an average target price of $29.29.

Check Out Our Latest Analysis on TWFG

TWFG Stock Performance

NASDAQ TWFG opened at $28.71 on Friday. The firm’s fifty day moving average price is $26.71 and its two-hundred day moving average price is $23.20. The stock has a market cap of $1.55 billion, a PE ratio of 28.04 and a beta of 0.20. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $31.30.

TWFG (NASDAQ:TWFG – Get Free Report) last announced its quarterly 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 net margin of 2.90% and a return on equity of 19.49%. The company had revenue of $87.51 million during the quarter, compared to the consensus estimate of $77.34 million. As a group, sell-side analysts predict that TWFG will post 1.10 earnings per share for the current fiscal year.

Institutional Trading of TWFG

Several institutional investors have recently modified their holdings of the business. Ascent Group LLC raised its position in TWFG by 0.8% during the 3rd quarter. Ascent Group LLC now owns 214,110 shares of the company’s stock worth $5,141,000 after purchasing an additional 1,800 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 buying an additional 2,459 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of TWFG in the 2nd quarter valued at about $72,000. Blalock Williams LLC grew its position in shares of TWFG by 14.9% in the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock valued at $551,000 after buying an additional 2,978 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of TWFG in the third quarter valued at about $182,000.

About TWFG

(Get Free Report)

TWFG, Inc (NASDAQ: TWFG) is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Through its agency network, the company provides access to personal and commercial property and casualty coverage, as well as life, health and other insurance solutions.

The company serves customers across the United States through a combination of retail insurance agencies and wholesale distribution operations. Its services include insurance placement, consultation and support, helping clients evaluate coverage options and manage their insurance needs.

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