Shares of TWFG, Inc. (NASDAQ:TWFG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $29.5714.
A number of analysts recently commented on TWFG shares. UBS Group raised their price target on TWFG from $30.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Wall Street Zen raised shares of TWFG from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. JPMorgan Chase & Co. lifted their target price on shares of TWFG from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, August 19th. Piper Sandler boosted their price target on shares of TWFG from $22.00 to $29.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada increased their price target on shares of TWFG from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th.
Read Our Latest Analysis on TWFG
Insider Buying and Selling at TWFG
In other news, Director Michael Doak bought 22,994 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The stock was purchased at an average price of $18.62 per share, with a total value of $428,148.28. Following the transaction, the director owned 746,722 shares of the company's stock, valued at approximately $13,903,963.64. The trade was a 3.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders purchased 41,859 shares of company stock worth $791,113. 68.44% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On TWFG
Hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company's stock worth $26,000 after purchasing an additional 454 shares in the last quarter. Quadrant Capital Group LLC bought a new position in shares of TWFG in the 4th quarter worth about $68,000. Quantbot Technologies LP lifted its position in TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company's stock valued at $142,000 after acquiring an additional 1,395 shares during the period. Russell Investments Group Ltd. bought a new stake in TWFG during the third quarter worth about $142,000. Finally, State of Tennessee Department of Treasury purchased a new stake in TWFG in the second quarter worth about $155,000.
TWFG Stock Performance
NASDAQ:TWFG opened at $28.83 on Tuesday. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $31.30. The firm has a market cap of $1.56 billion, a PE ratio of 48.86 and a beta of 0.15. The business has a 50 day moving average price of $26.69 and a 200-day moving average price of $21.85.
TWFG (NASDAQ:TWFG - Get Free Report) last posted its 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 return on equity of 19.49% and a net margin of 2.90%.The company had revenue of $87.51 million for the quarter, compared to analysts' expectations of $77.34 million. Research analysts predict that TWFG will post 1.09 EPS for the current year.
TWFG Company Profile
(
Get Free Report)
TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.
Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.
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