TWFG (NASDAQ:TWFG) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded TWFG from “buy” to “hold,” while overall analyst sentiment remains “Moderate Buy,” with four Buy and four Hold ratings and an average price target of $29.29.
• TWFG shares opened at $24.76, below the 50-day moving average of $27.10 but above the 200-day average of $23.27; the stock has traded between $16.56 and $31.30 over the past year.
• The company exceeded quarterly expectations, reporting $0.38 in adjusted earnings per share versus estimates of $0.26 and revenue of $87.51 million versus expectations of $77.34 million.

TWFG (NASDAQ:TWFG - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

TWFG has been the subject of a number of other research reports. Morgan Stanley raised shares of TWFG from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $26.00 to $30.00 in a research note on Wednesday, August 19th. Piper Sandler lifted their price objective on TWFG from $22.00 to $29.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. cut their price objective on TWFG from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, October 1st. Zacks Research cut TWFG from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Finally, Weiss Ratings raised TWFG from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.29.

TWFG Price Performance

Shares of TWFG stock opened at $24.76 on Friday. TWFG has a 1-year low of $16.56 and a 1-year high of $31.30. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 41.97 and a beta of 0.28. The stock has a 50 day simple moving average of $27.10 and a 200-day simple moving average of $23.27.

TWFG (NASDAQ:TWFG - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.12. The firm had revenue of $87.51 million for the quarter, compared to analysts' expectations of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. Analysts anticipate that TWFG will post 1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TWFG

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in shares of TWFG during the 2nd quarter worth about $72,000. Bank of New York Mellon Corp purchased a new position in TWFG during the second quarter worth about $327,000. Dockside LLC purchased a new position in TWFG during the fourth quarter worth about $460,000. Blalock Williams LLC increased its position in shares of TWFG by 14.9% during the second quarter. Blalock Williams LLC now owns 22,911 shares of the company's stock valued at $551,000 after acquiring an additional 2,978 shares during the last quarter. Finally, Symphony Financial Ltd. Co. raised its stake in shares of TWFG by 153.7% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company's stock valued at $942,000 after acquiring an additional 23,682 shares during the period.

TWFG Company Profile

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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