TWFG (NASDAQ:TWFG) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded TWFG from a "hold" to a "strong-buy," while the broader analyst mix remains mixed (1 Strong Buy, 3 Buy, 3 Hold, 1 Sell) with a consensus rating of Moderate Buy and an average price target of $26.50.
• Shares opened at $17.92, trading well below their one-year high of $36.85 and the average analyst target, with a market cap around $1.01 billion and a P/E of 35.14.
• TWFG beat quarterly expectations—EPS $0.30 vs. $0.16 and revenue $70.26M vs. $60.81M—and several large institutions (including T. Rowe Price and Capital International) increased their holdings.

TWFG (NASDAQ:TWFG - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also issued reports on TWFG. UBS Group reduced their target price on TWFG from $34.00 to $31.00 and set a "buy" rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods reduced their target price on TWFG from $31.00 to $25.00 and set a "market perform" rating on the stock in a research note on Tuesday. Wall Street Zen raised TWFG from a "hold" rating to a "buy" rating in a research note on Monday, April 6th. Piper Sandler reduced their price target on TWFG from $32.00 to $22.00 and set an "overweight" rating on the stock in a research note on Monday, February 23rd. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of TWFG in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TWFG has a consensus rating of "Moderate Buy" and an average price target of $26.50.

TWFG Price Performance

TWFG stock opened at $17.92 on Thursday. TWFG has a 1 year low of $16.56 and a 1 year high of $36.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 107.86 and a current ratio of 107.86. The stock's 50 day moving average price is $19.71 and its 200 day moving average price is $24.51. The firm has a market cap of $1.01 billion, a P/E ratio of 35.14 and a beta of 0.57.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. lifted its stake in shares of TWFG by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company's stock worth $81,929,000 after purchasing an additional 26,742 shares during the period. Capital International Investors raised its position in shares of TWFG by 114.4% in the 4th quarter. Capital International Investors now owns 958,490 shares of the company's stock worth $27,576,000 after buying an additional 511,469 shares during the period. Bamco Inc. NY raised its position 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 buying an additional 52,067 shares during the period. Vanguard Group Inc. raised its position in shares of TWFG by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 639,711 shares of the company's stock worth $17,554,000 after buying an additional 19,720 shares during the period. Finally, Riverbridge Partners LLC raised its position 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 buying an additional 51,083 shares during the period.

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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