TWFG (NASDAQ:TWFG) Shares Gap Down - Time to Sell?

Key Points

• TWFG shares opened lower, falling from a prior close of $30.90 to $29.48 before trading near $29.88. The stock has a $1.63 billion market capitalization and trades at a P/E ratio of 51.17.
• Analyst sentiment remains cautiously positive, with four Buy and four Hold ratings producing a consensus “Moderate Buy” rating and a $29.57 price target. UBS raised its target to $34, while Morgan Stanley lifted its rating to Overweight.
• TWFG exceeded quarterly expectations, reporting $0.38 in earnings per share versus a $0.26 consensus estimate and revenue of $87.51 million versus $77.34 million expected. Insiders have also purchased shares recently, and company insiders own 68.44% of the stock.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $30.90, but opened at $29.48. TWFG shares last traded at $29.88, with a volume of 1,896 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen raised TWFG from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. Weiss Ratings raised TWFG from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. Zacks Research cut TWFG from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 14th. UBS Group boosted their price objective on TWFG from $30.00 to $34.00 and gave the company a "buy" rating in a report on Monday, August 10th. Finally, Morgan Stanley raised TWFG from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $26.00 to $30.00 in a research report on Wednesday, August 19th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.57.

TWFG Stock Up 3.2%

The company has a market capitalization of $1.63 billion, a P/E ratio of 51.17 and a beta of 0.16. The firm's 50-day moving average price is $26.38 and its 200 day moving average price is $21.76.

TWFG (NASDAQ:TWFG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.12. The business had revenue of $87.51 million for the quarter, compared to analysts' expectations of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. As a group, equities research analysts expect that TWFG, Inc. will post 1.09 EPS for the current year.

Insider Buying and Selling at TWFG

In related news, Director Michael Doak bought 22,994 shares of the company's stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average price of $18.62 per share, for a total transaction of $428,148.28. Following the completion of the acquisition, the director directly owned 746,722 shares of the company's stock, valued at $13,903,963.64. This trade represents a 3.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased a total of 58,359 shares of company stock valued at $1,110,058 in the last 90 days. 68.44% of the stock is owned by company insiders.

Institutional Investors Weigh In On TWFG

Institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its stake in TWFG by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company's stock valued at $81,929,000 after acquiring an additional 26,742 shares in the last quarter. Capital International Investors grew its stake in shares of TWFG by 114.4% in the 4th quarter. Capital International Investors now owns 958,490 shares of the company's stock worth $27,576,000 after acquiring an additional 511,469 shares in the last quarter. Bamco Inc. NY grew its stake in shares of TWFG by 3.9% in the 2nd quarter. Bamco Inc. NY now owns 902,061 shares of the company's stock worth $31,572,000 after acquiring an additional 34,237 shares in the last quarter. Giverny Capital Inc. raised its holdings in shares of TWFG by 18.2% in the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company's stock valued at $15,691,000 after purchasing an additional 100,345 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of TWFG by 3.2% in the third quarter. Vanguard Group Inc. now owns 639,711 shares of the company's stock valued at $17,554,000 after purchasing an additional 19,720 shares during 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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