TWFG (NASDAQ:TWFG) Shares Down 3.5% - Here's What Happened

Key Points

• TWFG shares fell 3.5% to approximately $24.83 in light trading, with volume down 98% from the stock’s average session volume.
• Analyst sentiment remains generally positive: TWFG has a “Moderate Buy” consensus rating and an average price target of $29.57, despite one recent downgrade to “Hold.”
• The company exceeded quarterly expectations, reporting EPS of $0.38 versus $0.26 expected and revenue of $87.51 million versus the $77.34 million consensus estimate.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report)'s stock price traded down 3.5% on Tuesday . The company traded as low as $25.07 and last traded at $24.8250. 5,084 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 210,137 shares. The stock had previously closed at $25.72.

Analyst Upgrades and Downgrades

TWFG has been the subject of a number of analyst reports. Truist Financial set a $23.00 price objective on shares of TWFG in a report on Monday, June 8th. Piper Sandler lifted their price target on shares of TWFG from $22.00 to $29.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Morgan Stanley raised shares of TWFG from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $26.00 to $30.00 in a report on Wednesday, August 19th. Zacks Research downgraded TWFG from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 14th. Finally, Weiss Ratings upgraded TWFG from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.57.

TWFG Stock Performance

The firm has a market capitalization of $1.32 billion, a P/E ratio of 41.35 and a beta of 0.18. The firm's 50-day moving average is $27.68 and its 200 day moving average is $22.81.

TWFG (NASDAQ:TWFG - Get Free Report) last released 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. The firm had revenue of $87.51 million during the quarter, compared to analysts' expectations of $77.34 million. TWFG had a return on equity of 19.49% and a net margin of 2.90%. As a group, research analysts expect that TWFG, Inc. will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On TWFG

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of TWFG during the 2nd quarter worth approximately $72,000. Giverny Capital Inc. boosted its holdings in shares of TWFG by 18.2% in the 2nd quarter. Giverny Capital Inc. now owns 652,452 shares of the company's stock valued at $15,691,000 after buying an additional 100,345 shares during the last quarter. Blalock Williams LLC boosted its holdings in shares of TWFG by 14.9% in the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company's stock valued at $551,000 after buying an additional 2,978 shares during the last quarter. Symphony Financial Ltd. Co. grew its stake in shares of TWFG by 153.7% in the second quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company's stock valued at $942,000 after buying an additional 23,682 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of TWFG in the second quarter valued at $327,000.

About TWFG

TWFG, Inc is an independent insurance distribution company that operates through a network of retail insurance agencies, affiliated agents and franchise locations. The company helps individuals and businesses obtain coverage from a range of insurance carriers rather than underwriting policies itself.

Its offerings include personal insurance products such as homeowners, automobile, renters and other property and casualty coverage. TWFG also provides commercial insurance solutions for businesses, as well as access to life, health and related insurance products.

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