TWFG (NASDAQ:TWFG) Stock Price Down 5.6% - Should You Sell?

Key Points

• TWFG shares fell 5.6% to about $29.19, with trading volume 62% below the daily average. The stock’s market capitalization is approximately $1.58 billion, with a P/E ratio of 49.52.
• Analysts remain broadly positive, with four Buy and four Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $29.57; RBC recently raised its target to $34.
• TWFG exceeded quarterly expectations, reporting EPS of $0.38 versus $0.26 expected and revenue of $87.51 million versus $77.34 million. Insiders have purchased nearly 70,000 shares over the past three months, while insiders collectively own 68.44% of the company.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report)'s stock price traded down 5.6% during trading on Thursday . The company traded as low as $29.19 and last traded at $29.1850. 81,259 shares changed hands during trading, a decline of 62% from the average daily volume of 215,459 shares. The stock had previously closed at $30.90.

Wall Street Analysts Forecast Growth

TWFG has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on TWFG from $22.00 to $29.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Truist Financial set a $23.00 target price on TWFG in a research report on Monday, June 8th. Wall Street Zen upgraded shares of TWFG from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Royal Bank Of Canada raised their price target on shares of TWFG from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Finally, Weiss Ratings raised shares of 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $29.57.

TWFG Price Performance

The business has a 50-day moving average of $26.23 and a 200 day moving average of $21.73. The company has a market cap of $1.58 billion, a PE ratio of 49.52 and a beta of 0.16.

TWFG (NASDAQ:TWFG - Get Free Report) last announced 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 business had revenue of $87.51 million for the quarter, compared to analysts' expectations of $77.34 million. On average, equities analysts predict that TWFG, Inc. will post 1.09 EPS for the current fiscal year.

Insider Transactions at TWFG

In other TWFG news, Director Michael Doak purchased 7,865 shares of the firm's stock in a transaction on Friday, June 5th. The shares were acquired at an average cost of $19.45 per share, for a total transaction of $152,974.25. Following the completion of the transaction, the director owned 765,587 shares of the company's stock, valued at approximately $14,890,667.15. The trade was a 1.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased 69,689 shares of company stock worth $1,323,855 in the last three months. Insiders own 68.44% of the company's stock.

Institutional Investors Weigh In On TWFG

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWFG. T. Rowe Price Investment Management Inc. increased its stake in shares of TWFG by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company's stock worth $81,929,000 after purchasing an additional 26,742 shares in the last quarter. Capital International Investors raised its holdings in TWFG by 114.4% during the fourth quarter. Capital International Investors now owns 958,490 shares of the company's stock valued at $27,576,000 after acquiring an additional 511,469 shares during the period. Bamco Inc. NY lifted its position in shares of TWFG by 3.9% in the second quarter. Bamco Inc. NY now owns 902,061 shares of the company's stock valued at $31,572,000 after acquiring an additional 34,237 shares in the last quarter. Giverny Capital Inc. grew its position in shares of TWFG by 18.2% during the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company's stock worth $15,691,000 after purchasing an additional 100,345 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in TWFG by 3.2% during the 3rd 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 period.

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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