TWFG (NASDAQ:TWFG) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded TWFG from “hold” to “strong buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $29.29.
• TWFG reported quarterly EPS of $0.38, exceeding the $0.26 consensus estimate, and revenue of $87.51 million versus expectations of $77.34 million.
• The stock opened at $24.26, giving the company a market capitalization of approximately $1.31 billion; shares were down 0.6% in trading.

TWFG (NASDAQ:TWFG - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Monday, Zacks reports.

A number of other brokerages also recently issued reports on TWFG. Piper Sandler raised their price objective on TWFG from $22.00 to $29.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Weiss Ratings upgraded TWFG from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 13th. Keefe, Bruyette & Woods increased their price target on shares of TWFG from $26.00 to $29.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 12th. Royal Bank Of Canada upped their price objective on TWFG from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded shares of TWFG from a "buy" rating to a "hold" rating in a research note on Saturday. 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 MarketBeat, TWFG presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.29.

TWFG Trading Down 0.6%

TWFG opened at $24.26 on Monday. The firm has a market capitalization of $1.31 billion, a PE ratio of 23.93 and a beta of 0.28. TWFG has a twelve month low of $16.56 and a twelve month high of $31.30. The firm's 50-day moving average price is $26.98 and its 200 day moving average price is $23.39.

TWFG (NASDAQ:TWFG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. The firm 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, analysts predict that TWFG will post 1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TWFG

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in shares of TWFG in the 2nd quarter worth about $72,000. Bank of New York Mellon Corp raised its holdings 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 valued at $270,000 after buying an additional 2,459 shares during the period. Blalock Williams LLC grew its position in TWFG by 14.9% in 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 in the last quarter. Symphony Financial Ltd. Co. lifted its position in shares of 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 in the last quarter. Finally, Argent Capital Management LLC acquired a new stake in TWFG during the 3rd quarter valued at $983,000.

About TWFG

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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