Keefe, Bruyette & Woods Has Lowered Expectations for TWFG (NASDAQ:TWFG) Stock Price

Key Points

• Keefe, Bruyette & Woods cut TWFG's price target to $25 from $31 and kept a "market perform" rating; several other firms have also lowered targets, leaving a MarketBeat consensus of "Hold" with a $28.17 consensus target.
• KBW's $25 target implies about a 30.6% upside from the stock's mid-day price of $19.14; TWFG trades below its 200-day moving average and has a market cap of roughly $1.08 billion.
• TWFG beat quarterly estimates, reporting $0.30 EPS versus $0.16 expected and $70.26M in revenue versus $60.81M, though analysts still forecast just $0.57 EPS for the fiscal year.

TWFG (NASDAQ:TWFG - Get Free Report) had its price target cut by investment analysts at Keefe, Bruyette & Woods from $31.00 to $25.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price would suggest a potential upside of 30.59% from the company's current price.

Other analysts have also recently issued reports about the company. Piper Sandler cut their price objective on TWFG from $32.00 to $22.00 and set an "overweight" rating for the company in a research report on Monday, February 23rd. Zacks Research raised TWFG from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. Morgan Stanley dropped their price target on TWFG from $28.00 to $24.00 and set an "equal weight" rating for the company in a report on Monday. Wall Street Zen raised TWFG from a "hold" rating to a "buy" rating in a report on Monday. Finally, UBS Group dropped their price target on TWFG from $39.00 to $34.00 and set a "buy" rating for the company in a report on Monday, March 9th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TWFG presently has a consensus rating of "Hold" and a consensus target price of $28.17.

TWFG Stock Performance

Shares of TWFG traded up $0.53 during mid-day trading on Tuesday, reaching $19.14. The company's stock had a trading volume of 142,828 shares, compared to its average volume of 220,559. TWFG has a 1-year low of $16.56 and a 1-year high of $36.85. The stock has a market cap of $1.08 billion, a P/E ratio of 37.53 and a beta of 0.57. The business has a 50-day simple moving average of $20.22 and a two-hundred day simple moving average of $24.69. The company has a current ratio of 107.86, a quick ratio of 107.86 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.14. TWFG had a return on equity of 13.51% and a net margin of 3.11%.The company had revenue of $70.26 million during the quarter, compared to analysts' expectations of $60.81 million. As a group, equities research analysts anticipate that TWFG will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TWFG

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its holdings in TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company's stock valued at $26,000 after acquiring an additional 454 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in TWFG by 7.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company's stock valued at $382,000 after acquiring an additional 970 shares in the last quarter. Quantbot Technologies LP raised its holdings in TWFG by 52.5% in 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 in the last quarter. State of Wyoming raised its holdings in TWFG by 42.0% in the 2nd quarter. State of Wyoming now owns 5,188 shares of the company's stock valued at $182,000 after acquiring an additional 1,535 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in TWFG by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company's stock valued at $950,000 after acquiring an additional 1,800 shares in the last quarter.

TWFG Company Profile

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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