TWFG (NASDAQ:TWFG) Stock Crosses Below 50 Day Moving Average - Here's Why

Key Points

• TWFG shares fell below their 50-day moving average of $26.34, trading as low as $25.61 and last at $25.79; the stock was down 3.5% in the session.
• Analyst sentiment remains positive: TWFG has a consensus “Moderate Buy” rating and an average price target of $30.57, with several firms recently raising their targets.
• TWFG reported quarterly earnings of $0.28 per share, beating the $0.26 consensus estimate, while revenue of $79.92 million also topped expectations.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report)'s share price crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $26.34 and traded as low as $25.61. TWFG shares last traded at $25.79, with a volume of 128,235 shares changing hands.

Analyst Ratings Changes

A number of research firms have weighed in on TWFG. UBS Group increased their target price on TWFG from $34.00 to $36.00 and gave the company a "buy" rating in a report on Tuesday, November 10th. Piper Sandler upped their price target on shares of TWFG from $31.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, November 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of TWFG in a research note on Wednesday. Morgan Stanley increased their price objective on shares of TWFG from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 10th. Finally, Royal Bank Of Canada raised their price objective on shares of TWFG from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, TWFG currently has a consensus rating of "Moderate Buy" and an average target price of $30.57.

TWFG Trading Down 3.5%

The firm has a 50 day moving average price of $26.34 and a 200 day moving average price of $23.27. The stock has a market capitalization of $1.39 billion, a PE ratio of 45.25 and a beta of 0.20.

TWFG (NASDAQ:TWFG - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.02. TWFG had a return on equity of 23.41% and a net margin of 2.57%. The company had revenue of $79.92 million for the quarter, compared to the consensus estimate of $79.48 million. On average, equities research analysts expect that TWFG, Inc. will post 1.10 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TWFG. Empowered Funds LLC bought a new stake in TWFG during the 3rd quarter worth approximately $431,000. Riverbridge Partners LLC lifted its holdings in TWFG by 4.5% during the third quarter. Riverbridge Partners LLC now owns 347,619 shares of the company's stock valued at $8,346,000 after purchasing an additional 14,961 shares in the last quarter. Ascent Group LLC boosted its position in shares of TWFG by 0.8% in the third quarter. Ascent Group LLC now owns 214,110 shares of the company's stock worth $5,141,000 after purchasing an additional 1,800 shares during the period. State of Wyoming bought a new position in shares of TWFG in the third quarter worth approximately $182,000. Finally, Argent Capital Management LLC bought a new position in shares of TWFG in the third quarter worth approximately $983,000.

TWFG Company Profile

TWFG, Inc. is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Its offerings include personal and commercial property and casualty insurance, as well as life and health coverage. Founded in 2001 as The Woodlands Financial Group, the company operates through a network of retail insurance agencies and independent agents. TWFG serves customers across the United States. TWFG was founded by Richard “Ricky” McKenzie, who leads the company as chairman and chief executive officer.

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