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

Key Points

• Wall Street Zen downgraded TWFG from "buy" to "hold" and several brokers have cut price targets recently, though the consensus remains a Moderate Buy with a $26.50 average target.
• TWFG reported an earnings beat for the quarter (EPS $0.30 vs. $0.16 expected; revenue $70.26M vs. $60.81M) despite the analyst downgrades.
• Shares are trading around $18.33—well below the consensus price target—with institutional investors (including a new ~$12.3M position by Central Securities) recently adjusting and increasing holdings.

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

TWFG has been the topic of a number of other reports. Piper Sandler decreased their target price on shares of TWFG from $32.00 to $22.00 and set an "overweight" rating on the stock in a research note on Monday, February 23rd. JPMorgan Chase & Co. decreased their target price on shares of TWFG from $27.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, April 9th. Morgan Stanley decreased their target price on shares of TWFG from $28.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Monday, April 6th. Weiss Ratings reissued a "sell (d)" rating on shares of TWFG in a research note on Wednesday, January 21st. Finally, UBS Group decreased their target price on shares of TWFG from $34.00 to $31.00 and set a "buy" rating on the stock in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.50.

TWFG Trading Up 2.3%

TWFG opened at $18.33 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 107.86 and a quick ratio of 107.86. The company's 50 day simple moving average is $19.57 and its two-hundred day simple moving average is $24.42. TWFG has a 1-year low of $16.56 and a 1-year high of $36.85. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 35.94 and a beta of 0.57.

TWFG (NASDAQ:TWFG - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.14. TWFG had a net margin of 3.11% and a return on equity of 13.51%. The business had revenue of $70.26 million for the quarter, compared to analyst estimates of $60.81 million. Analysts expect that TWFG will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On TWFG

Large investors have recently made changes to their positions in the stock. Central Securities Corp acquired a new position in shares of TWFG in the 3rd quarter worth approximately $12,348,000. Ascent Group LLC lifted its holdings in shares of TWFG by 86.2% in the 3rd quarter. Ascent Group LLC now owns 90,402 shares of the company's stock worth $2,481,000 after acquiring an additional 41,855 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of TWFG by 5.8% in the 3rd quarter. Bamco Inc. NY now owns 954,128 shares of the company's stock worth $26,181,000 after acquiring an additional 52,067 shares during the last quarter. Riverbridge Partners LLC lifted its holdings in shares of TWFG by 57.6% in the 3rd quarter. Riverbridge Partners LLC now owns 542,661 shares of the company's stock worth $14,891,000 after acquiring an additional 198,394 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of TWFG by 8.7% in the 3rd quarter. TD Asset Management Inc now owns 62,362 shares of the company's stock worth $1,711,000 after acquiring an additional 4,968 shares during the last quarter.

About TWFG

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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