TWFG (NASDAQ:TWFG) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded TWFG from “hold” to “buy,” while the stock carries a consensus “Moderate Buy” rating and an average price target of $29.29.
• TWFG recently beat quarterly expectations, reporting $0.38 EPS versus the $0.26 estimate and revenue of $87.51 million versus $77.34 million expected.
• The stock was trading at $28.29 with a $1.53 billion market capitalization, while several institutional investors—including Renaissance Technologies and Giverny Capital—recently increased their holdings.

TWFG (NASDAQ:TWFG - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently issued reports on TWFG. Zacks Research upgraded shares of TWFG from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 12th. JPMorgan Chase & Co. cut their price target on TWFG from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, October 1st. Weiss Ratings upgraded 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. Finally, Morgan Stanley upgraded TWFG from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $26.00 to $30.00 in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, TWFG presently has an average rating of "Moderate Buy" and a consensus price target of $29.29.

TWFG Trading Down 1.3%

TWFG opened at $28.29 on Friday. The business has a 50 day moving average of $26.75 and a 200-day moving average of $23.80. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 28.11 and a beta of 0.28. TWFG has a 1-year low of $16.56 and a 1-year high of $31.30.

TWFG (NASDAQ:TWFG - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. TWFG had a net margin of 2.90% and a return on equity of 19.49%. The business had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million. Equities analysts predict that TWFG will post 1.10 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Giverny Capital Inc. increased its holdings in TWFG by 18.2% during the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company's stock worth $15,691,000 after buying an additional 100,345 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of TWFG by 201.9% during the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company's stock worth $2,176,000 after acquiring an additional 79,127 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of TWFG during the 1st quarter worth approximately $1,243,000. Argent Capital Management LLC acquired a new position in shares of TWFG during the 3rd quarter worth approximately $983,000. Finally, Symphony Financial Ltd. Co. boosted its position 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 period.

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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