TWFG, Inc. (NASDAQ:TWFG) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• TWFG, Inc. has received a consensus recommendation of "Hold" from 8 research firms, with ratings ranging from 1 sell, 3 holds, to 4 buys.
• JPMorgan Chase & Co. lowered their target price on TWFG from $35.00 to $30.00, while UBS Group also reduced theirs from $42.00 to $39.00.
• Institutional investors, such as the State of Wyoming and BNP Paribas Financial Markets, have significantly increased their holdings in TWFG, indicating growing confidence in the stock.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report) has earned a consensus recommendation of "Hold" from the eight research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $33.2857.

TWFG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on TWFG from $35.00 to $30.00 and set a "neutral" rating on the stock in a report on Thursday. UBS Group reduced their target price on TWFG from $42.00 to $39.00 and set a "buy" rating on the stock in a report on Wednesday. Piper Sandler dropped their price target on TWFG from $38.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, August 14th. Morgan Stanley dropped their price target on TWFG from $32.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of TWFG in a research report on Wednesday.

Institutional Trading of TWFG

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming raised its position in shares of TWFG by 42.0% during the 2nd quarter. State of Wyoming now owns 5,188 shares of the company's stock worth $182,000 after purchasing an additional 1,535 shares during the period. State of Tennessee Department of Treasury acquired a new stake in TWFG in the 2nd quarter valued at approximately $155,000. Man Group plc acquired a new stake in TWFG in the 2nd quarter valued at approximately $223,000. BNP Paribas Financial Markets increased its position in TWFG by 145.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 18,353 shares of the company's stock valued at $642,000 after acquiring an additional 10,869 shares during the period. Finally, Boothbay Fund Management LLC increased its position in TWFG by 225.5% in the 2nd quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company's stock valued at $1,447,000 after acquiring an additional 28,634 shares during the period.

TWFG Trading Down 0.3%

NASDAQ:TWFG opened at $26.82 on Friday. The company has a quick ratio of 105.86, a current ratio of 105.86 and a debt-to-equity ratio of 0.01. The business's 50 day moving average is $26.92 and its two-hundred day moving average is $30.91. TWFG has a 52 week low of $23.52 and a 52 week high of $36.85. The company has a market cap of $1.50 billion, a PE ratio of 65.42 and a beta of 0.31.

TWFG (NASDAQ:TWFG - Get Free Report) last released its earnings results on Monday, March 3rd. The company reported $0.15 EPS for the quarter. TWFG had a return on equity of 7.82% and a net margin of 2.74%.The company had revenue of $54.64 million for the quarter. TWFG has set its Q4 2024 guidance at EPS. FY 2024 guidance at EPS. On average, analysts predict that TWFG will post 0.57 EPS for the current year.

TWFG Company Profile

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers' compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.

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