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

Key Points

• Wall Street Zen downgraded TWFG from “buy” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $29.29.
• TWFG shares opened at $26.96, with a $1.46 billion market capitalization and a 52-week trading range of $16.56 to $31.30.
• The company beat quarterly expectations, reporting $0.38 in earnings per share versus the $0.26 consensus estimate and revenue of $87.51 million versus $77.34 million expected.

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

Several other equities analysts have also commented on the stock. Royal Bank Of Canada upped their price objective on shares of TWFG from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Morgan Stanley upgraded shares of TWFG from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $26.00 to $30.00 in a report on Wednesday, August 19th. Zacks Research raised TWFG from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 12th. JPMorgan Chase & Co. decreased their price target on TWFG from $28.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, October 1st. Finally, Piper Sandler raised their price target on TWFG from $22.00 to $29.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. One investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.29.

TWFG Price Performance

NASDAQ TWFG opened at $26.96 on Friday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 26.43 and a beta of 0.28. The company's fifty day moving average is $26.75 and its two-hundred day moving average is $23.18. TWFG has a 52-week low of $16.56 and a 52-week high of $31.30.

TWFG (NASDAQ:TWFG - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.12. The business had revenue of $87.51 million for the quarter, compared to the consensus estimate of $77.34 million. TWFG had a return on equity of 19.49% and a net margin of 2.90%. As a group, sell-side analysts expect that TWFG will post 1.10 earnings per share for the current fiscal year.

Institutional Trading of TWFG

Several hedge funds have recently made changes to their positions in the company. Ascent Group LLC increased 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 period. Bank of New York Mellon Corp boosted 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 purchasing an additional 2,459 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of TWFG during the 2nd quarter worth $72,000. Blalock Williams LLC boosted 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 purchasing an additional 2,978 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of TWFG during the 3rd quarter worth $182,000.

TWFG Company Profile

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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