TWFG (NASDAQ:TWFG) Upgraded to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded TWFG from a "hold" to a "buy" in a note to investors on Monday.
• Analyst coverage is mixed—three Buys, four Holds and one Sell—leaving a MarketBeat consensus of "Hold" with an average target price of $30.00, while several firms recently cut price targets (e.g., UBS, Morgan Stanley, Piper Sandler).
• TWFG beat the most recent quarter estimates (EPS $0.30 vs. $0.16; revenue $70.26M vs. $60.81M), but the stock trades near $18.09 (50-day $20.38, 200-day $24.73) versus a 52-week range of $16.56–$36.85.

TWFG (NASDAQ:TWFG - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

A number of other research firms also recently commented on TWFG. Zacks Research raised shares of TWFG from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. UBS Group reduced their price target on shares of TWFG from $39.00 to $34.00 and set a "buy" rating for the company in a research report on Monday, March 9th. Weiss Ratings restated a "sell (d)" rating on shares of TWFG in a research note on Wednesday, January 21st. Morgan Stanley dropped their price objective on TWFG from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, March 5th. Finally, Piper Sandler reduced their target price on TWFG from $32.00 to $22.00 and set an "overweight" rating for the company in a report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $30.00.

TWFG Stock Performance

Shares of TWFG opened at $18.09 on Monday. The stock has a 50 day moving average price of $20.38 and a 200 day moving average price of $24.73. The company has a quick ratio of 107.86, a current ratio of 107.86 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 35.47 and a beta of 0.57. TWFG has a 52-week low of $16.56 and a 52-week high of $36.85.

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

Institutional Trading of TWFG

Several institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp grew its position in TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company's stock worth $26,000 after purchasing an additional 454 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in TWFG in the fourth quarter valued at $68,000. Quantbot Technologies LP raised its holdings in shares of TWFG by 52.5% in the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company's stock valued at $142,000 after buying an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of TWFG during the third quarter worth about $142,000. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of TWFG during the second quarter worth about $155,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.