TWFG (NASDAQ:TWFG) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded TWFG from a "hold" to a buy, and MarketBeat shows a consensus rating of Moderate Buy with a $26.50 target, despite several brokers recently trimming their price objectives.
• TWFG reported an earnings beat last quarter (EPS $0.30 vs. $0.16 estimate; revenue $70.26M vs. $60.81M), and analysts forecast about 0.88 EPS for the current fiscal year.
• Shares trade near $19.80 (50-day $18.89; 200-day $23.96) with a $1.11B market cap and a 38.82 PE, and several institutional investors have recently increased their stakes.

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

A number of other equities analysts have also weighed in on the stock. Morgan Stanley cut their price objective on shares of TWFG from $28.00 to $24.00 and set an "equal weight" rating for the company in a research report on Monday, April 6th. UBS Group cut their price objective on shares of TWFG from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods cut their price objective on shares of TWFG from $31.00 to $25.00 and set a "market perform" rating for the company in a research report on Tuesday, April 7th. Zacks Research raised shares of TWFG from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 9th. Finally, Piper Sandler dropped their price target on shares of TWFG from $32.00 to $22.00 and set an "overweight" rating for the company in a research report on Monday, February 23rd. One research 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 given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.50.

TWFG Stock Down 0.9%

Shares of NASDAQ TWFG opened at $19.80 on Friday. The firm's 50-day moving average is $18.89 and its two-hundred day moving average is $23.96. 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 has a market capitalization of $1.11 billion, a PE ratio of 38.82 and a beta of 0.57. TWFG has a 12-month low of $16.56 and a 12-month high of $36.85.

TWFG (NASDAQ:TWFG - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $60.81 million. TWFG had a net margin of 3.11% and a return on equity of 13.51%. Equities analysts anticipate that TWFG will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On TWFG

Several institutional investors and hedge funds have recently bought and sold shares of TWFG. Quantbot Technologies LP increased its position in TWFG by 52.5% during the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company's stock worth $142,000 after purchasing an additional 1,395 shares during the last quarter. Jane Street Group LLC acquired a new position in TWFG during the second quarter worth approximately $1,219,000. Bank of America Corp DE increased its position in TWFG by 287.2% during the second quarter. Bank of America Corp DE now owns 50,618 shares of the company's stock worth $1,772,000 after purchasing an additional 37,546 shares during the last quarter. Bamco Inc. NY increased its position in TWFG by 3.9% during the second quarter. Bamco Inc. NY now owns 902,061 shares of the company's stock worth $31,572,000 after purchasing an additional 34,237 shares during the last quarter. Finally, Boothbay Fund Management LLC increased its position in TWFG by 225.5% during the second quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company's stock worth $1,447,000 after purchasing an additional 28,634 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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