TWFG (NASDAQ:TWFG) Reaches New 12-Month High - What's Next?

Key Points

• TWFG reached a new 52-week high, trading as high as $30.31 and last changing hands near $30.02, giving the company a market capitalization of approximately $1.62 billion.
• Analyst sentiment has improved, with Morgan Stanley upgrading the stock to “overweight” and RBC and UBS raising their price targets to $34. The shares carry a “Moderate Buy” consensus rating, though the average target of $29.57 is below the recent trading price.
• TWFG exceeded quarterly expectations, reporting $0.38 in earnings per share versus a $0.26 consensus estimate and revenue of $87.51 million versus $77.34 million expected. Insiders have purchased 116,569 shares over the past three months, while insiders collectively own 68.44% of the company.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $30.31 and last traded at $30.0150, with a volume of 16835 shares. The stock had previously closed at $28.96.

Wall Street Analyst Weigh In

A number of research firms recently commented on TWFG. Morgan Stanley raised TWFG from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $26.00 to $30.00 in a research note on Wednesday, August 19th. Royal Bank Of Canada boosted their target price on shares of TWFG from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. UBS Group upped their target price on shares of TWFG from $30.00 to $34.00 and gave the company a "buy" rating in a report on Monday, August 10th. Wall Street Zen raised shares of TWFG from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods lifted their price target on shares of TWFG from $26.00 to $29.00 and gave the stock a "market perform" rating in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, TWFG currently has an average rating of "Moderate Buy" and an average price target of $29.57.

TWFG Price Performance

The firm has a market cap of $1.62 billion, a PE ratio of 50.71 and a beta of 0.16. The stock has a 50-day moving average price of $25.66 and a 200 day moving average price of $21.62.

TWFG (NASDAQ:TWFG - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%.The firm had revenue of $87.51 million for the quarter, compared to the consensus estimate of $77.34 million. As a group, equities research analysts anticipate that TWFG, Inc. will post 1.09 earnings per share for the current year.

Insider Activity at TWFG

In related news, Director Michael Doak acquired 24,880 shares of the business's stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average cost of $18.62 per share, for a total transaction of $463,265.60. Following the acquisition, the director directly owned 668,398 shares in the company, valued at approximately $12,445,570.76. The trade was a 3.87% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have bought 116,569 shares of company stock worth $2,206,220. Corporate insiders own 68.44% of the company's stock.

Hedge Funds Weigh In On TWFG

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP boosted its holdings 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. Jane Street Group LLC acquired a new stake in shares of TWFG during the 2nd quarter worth $1,219,000. Bank of America Corp DE raised its position in shares of TWFG by 287.2% in the 2nd quarter. Bank of America Corp DE now owns 50,618 shares of the company's stock worth $1,772,000 after buying an additional 37,546 shares during the period. Bamco Inc. NY raised its position in shares of TWFG by 3.9% in the 2nd quarter. Bamco Inc. NY now owns 902,061 shares of the company's stock worth $31,572,000 after buying an additional 34,237 shares during the period. Finally, Boothbay Fund Management LLC boosted its holdings in TWFG by 225.5% in the second quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company's stock valued at $1,447,000 after acquiring an additional 28,634 shares during 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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