TWFG (NASDAQ:TWFG) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of TWFG (NASDAQ:TWFG) from a buy rating to a hold rating in a research report report published on Sunday morning.

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

TWFG Price Performance

Shares of TWFG opened at $17.53 on Friday. The company has a market cap of $985.19 million, a PE ratio of 34.37 and a beta of 0.37. The business has a fifty day moving average of $21.13 and a 200 day moving average of $24.96. TWFG has a 52-week low of $16.56 and a 52-week high of $36.85. The company has a quick ratio of 107.86, a current ratio of 107.86 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $60.81 million. On average, sell-side analysts expect that TWFG will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TWFG. Fifth Third Bancorp lifted its holdings in TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after buying an additional 454 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in TWFG in the 4th quarter valued at about $68,000. Quantbot Technologies LP grew its stake in TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after acquiring an additional 1,395 shares in the last quarter. Russell Investments Group Ltd. bought a new position in TWFG in the 3rd quarter worth about $142,000. Finally, State of Tennessee Department of Treasury purchased a new position in shares of TWFG during the second quarter worth approximately $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.