TWFG, Inc. (NASDAQ:TWFG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $26.8571.
A number of equities research analysts have recently commented on TWFG shares. Wall Street Zen upgraded shares of TWFG from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Weiss Ratings raised TWFG from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 17th. Zacks Research raised shares of TWFG from a "hold" rating to a "strong-buy" rating in a report on Monday, June 8th. JPMorgan Chase & Co. lifted their price target on shares of TWFG from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, July 13th. Finally, Piper Sandler boosted their price objective on shares of TWFG from $22.00 to $29.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th.
Read Our Latest Analysis on TWFG
TWFG Stock Performance
TWFG stock opened at $28.56 on Friday. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.55 billion, a P/E ratio of 48.41 and a beta of 0.16. The stock's 50 day moving average is $24.00 and its 200 day moving average is $21.47. TWFG has a twelve month low of $16.56 and a twelve month high of $30.47.
TWFG (NASDAQ:TWFG - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. The firm had revenue of $87.51 million for the quarter, compared to analysts' expectations of $77.34 million. TWFG had a return on equity of 19.06% and a net margin of 2.90%. On average, equities research analysts predict that TWFG will post 0.98 earnings per share for the current fiscal year.
Insider Activity
In other TWFG news, Director Michael Doak acquired 7,865 shares of the company's stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $19.45 per share, with a total value of $152,974.25. Following the completion of the acquisition, the director owned 765,587 shares in the company, valued at $14,890,667.15. This represents a 1.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders bought 160,852 shares of company stock worth $3,034,663. Insiders own 68.44% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in TWFG. Fifth Third Bancorp lifted its stake in shares of TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company's stock valued at $26,000 after buying an additional 454 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of TWFG during the fourth quarter worth about $68,000. Quantbot Technologies LP lifted its holdings in TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company's stock worth $142,000 after purchasing an additional 1,395 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in TWFG in the 2nd quarter worth approximately $155,000. Finally, Russell Investments Group Ltd. purchased a new stake in TWFG during the 3rd quarter valued at approximately $142,000.
About TWFG
(
Get Free Report)
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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