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

Key Points

• Wall Street Zen upgraded TWFG from “hold” to “buy,” while other analysts remain mixed; the stock carries a consensus “Moderate Buy” rating and an average price target of $29.57.
• TWFG reported quarterly EPS of $0.38, beating estimates of $0.26, while revenue of $87.51 million exceeded expectations of $77.34 million.
• Shares opened at $28.96, near their 52-week high of $29.99. Insiders bought 116,569 shares over the past 90 days, and insiders own 68.44% of the company.

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

A number of other research analysts have also recently issued reports on the stock. Piper Sandler raised their price target on shares of TWFG from $22.00 to $29.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Weiss Ratings raised shares of TWFG from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 13th. Zacks Research downgraded TWFG from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. UBS Group raised their target price on TWFG from $30.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, Keefe, Bruyette & Woods lifted their price target on TWFG from $26.00 to $29.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.57.

TWFG Stock Performance

Shares of NASDAQ TWFG opened at $28.96 on Friday. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $29.99. The company has a market cap of $1.57 billion, a PE ratio of 49.08 and a beta of 0.16. The business has a 50-day simple moving average of $25.66 and a two-hundred day simple moving average of $21.65.

TWFG (NASDAQ:TWFG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.26 by $0.12. The firm had revenue of $87.51 million during the quarter, compared to analyst estimates of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. On average, sell-side analysts predict that TWFG will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at TWFG

In other news, Director Michael Doak acquired 7,865 shares of the business's stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $19.45 per share, for a total transaction of $152,974.25. Following the purchase, the director owned 765,587 shares in the company, valued at approximately $14,890,667.15. This represents a 1.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders bought 116,569 shares of company stock valued at $2,206,220. Insiders own 68.44% of the company's stock.

Institutional Investors Weigh In On TWFG

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp raised its holdings in TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company's stock valued at $26,000 after acquiring an additional 454 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its position in TWFG by 7.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company's stock valued at $382,000 after purchasing an additional 970 shares during the period. Quantbot Technologies LP lifted its stake in shares of TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company's stock valued at $142,000 after purchasing an additional 1,395 shares during the last quarter. State of Wyoming grew its holdings 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. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of TWFG by 5.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company's stock worth $950,000 after purchasing an additional 1,800 shares during the period.

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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