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

Key Points

• Wall Street Zen downgraded TWFG from "buy" to "hold," and several other firms (Keefe, JPMorgan, Morgan Stanley) have cut price targets, though the consensus rating remains a Moderate Buy with a $26.50 price target.
• Earnings beat: TWFG reported Q4 EPS of $0.30 versus $0.16 expected and revenue of $70.26M versus $60.81M, with analysts projecting about $0.88 EPS for the current fiscal year.
• Shares trade near $18.78 with a $1.06B market cap, and institutional activity includes a new ~$12.35M stake by Central Securities plus increased holdings from Bamco and Riverbridge.

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

TWFG has been the subject of a number of other research reports. Weiss Ratings reissued a "sell (d)" rating on shares of TWFG in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods cut their price target on TWFG from $31.00 to $25.00 and set a "market perform" rating on the stock in a report on Tuesday, April 7th. JPMorgan Chase & Co. cut their price target on TWFG from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, April 9th. Morgan Stanley cut their price target on TWFG from $28.00 to $24.00 and set an "equal weight" rating on the stock in a report on Monday, April 6th. Finally, Zacks Research upgraded TWFG from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.50.

TWFG Trading Up 1.1%

TWFG opened at $18.78 on Friday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 36.82 and a beta of 0.46. The company has a 50-day simple moving average of $19.01 and a 200 day simple moving average of $23.72. The company has a quick ratio of 107.86, a current ratio of 107.86 and a debt-to-equity ratio of 0.01. TWFG has a twelve month low of $16.56 and a twelve month high of $36.85.

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, beating analysts' consensus estimates of $0.16 by $0.14. The business had revenue of $70.26 million during the quarter, compared to the consensus estimate of $60.81 million. TWFG had a net margin of 3.11% and a return on equity of 13.51%. Analysts predict that TWFG will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On TWFG

A number of institutional investors and hedge funds have recently modified their holdings of the business. Central Securities Corp bought a new position in shares of TWFG in the 3rd quarter worth $12,348,000. 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 purchasing an additional 52,067 shares in the last quarter. Riverbridge Partners LLC lifted its holdings in shares of TWFG by 9.4% in the 4th quarter. Riverbridge Partners LLC now owns 593,744 shares of the company's stock worth $17,082,000 after purchasing an additional 51,083 shares in the last quarter. Blalock Williams LLC bought a new position in shares of TWFG in the 3rd quarter worth $263,000. Finally, State of Wyoming lifted its holdings in shares of TWFG by 42.0% in 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 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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