TWFG (NASDAQ:TWFG) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded TWFG from “buy” to “hold,” though the broader analyst consensus remains “Moderate Buy” with an average price target of $27.43.
• TWFG reported quarterly results above expectations, posting $0.38 in EPS versus the $0.26 estimate and revenue of $87.51 million compared with the $77.34 million forecast.
• The stock was trading at $29.07, near its 52-week high of $30.47, while insiders bought 160,852 shares in the last quarter and institutional investors broadly increased their holdings.

TWFG (NASDAQ:TWFG - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Sunday.

A number of other research analysts have also weighed in on TWFG. Royal Bank Of Canada raised their price objective on TWFG from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Friday. Zacks Research raised shares of TWFG from a "hold" rating to a "strong-buy" rating in a report on Monday, June 8th. Piper Sandler increased their target price on shares of TWFG from $22.00 to $29.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods raised their price target on shares of TWFG from $23.00 to $26.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley boosted their price target on shares of TWFG from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, TWFG has a consensus rating of "Moderate Buy" and a consensus price target of $27.43.

TWFG Trading Up 1.8%

TWFG opened at $29.07 on Friday. The company has a market capitalization of $1.57 billion, a P/E ratio of 49.27 and a beta of 0.16. The stock's fifty day moving average is $24.21 and its two-hundred day moving average is $21.53. TWFG has a 52 week low of $16.56 and a 52 week high of $30.47. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. TWFG had a return on equity of 19.06% and a net margin of 2.90%.The firm had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million. Analysts forecast that TWFG will post 0.98 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Michael Doak acquired 24,880 shares of TWFG stock in a transaction that occurred on Wednesday, May 27th. The shares were purchased at an average price of $18.62 per share, for a total transaction of $463,265.60. Following the completion of the transaction, the director owned 668,398 shares in the company, valued at $12,445,570.76. This represents a 3.87% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased a total of 160,852 shares of company stock worth $3,034,663 in the last quarter. Company insiders own 68.44% of the company's stock.

Institutional Trading of TWFG

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Capital International Investors boosted its stake in shares of TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company's stock valued at $27,576,000 after purchasing an additional 511,469 shares during the period. Lord Abbett & CO. LLC increased its stake in TWFG by 179.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company's stock worth $7,358,000 after buying an additional 164,355 shares during the period. Victory Capital Management Inc. increased its stake in TWFG by 57.4% during the 3rd quarter. Victory Capital Management Inc. now owns 351,478 shares of the company's stock worth $9,645,000 after buying an additional 128,180 shares during the period. Giverny Capital Inc. lifted its holdings in TWFG by 68.9% during the 3rd quarter. Giverny Capital Inc. now owns 300,317 shares of the company's stock worth $8,241,000 after buying an additional 122,469 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in TWFG by 201.9% during the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company's stock worth $2,176,000 after buying an additional 79,127 shares in 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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