UBS Group Has Lowered Expectations for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its price target lowered by equities research analysts at UBS Group from $34.00 to $31.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 59.71% from the stock’s previous close.

TWFG has been the subject of a number of other reports. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Keefe, Bruyette & Woods dropped their price objective on TWFG from $31.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday. Morgan Stanley dropped their price objective on TWFG from $28.00 to $24.00 and set an “equal weight” rating for the company in a report on Monday. Wall Street Zen upgraded TWFG from a “hold” rating to a “buy” rating in a report on Monday. Finally, Zacks Research upgraded TWFG from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.67.

TWFG Trading Up 2.6%

Shares of TWFG stock traded up $0.50 on Wednesday, reaching $19.41. 318,128 shares of the stock were exchanged, compared to its average volume of 223,191. The stock has a market cap of $1.09 billion, a P/E ratio of 38.06 and a beta of 0.57. 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 firm has a 50 day moving average of $20.09 and a two-hundred day moving average of $24.64. TWFG has a 1-year low of $16.56 and a 1-year high of $36.85.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $70.26 million during the quarter, compared to the consensus estimate of $60.81 million. TWFG had a return on equity of 13.51% and a net margin of 3.11%. On average, research analysts anticipate that TWFG will post 0.57 EPS for the current year.

Institutional Trading of TWFG

A number of institutional investors have recently added to or reduced their stakes in TWFG. Quantbot Technologies LP boosted its position in TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares during the period. Next Century Growth Investors LLC boosted its position in TWFG by 34.0% during the 2nd quarter. Next Century Growth Investors LLC now owns 144,398 shares of the company’s stock worth $5,054,000 after purchasing an additional 36,662 shares during the period. Jane Street Group LLC purchased a new stake in TWFG during the 2nd quarter worth $1,219,000. Bank of America Corp DE boosted its position in TWFG by 287.2% during the 2nd quarter. Bank of America Corp DE now owns 50,618 shares of the company’s stock worth $1,772,000 after purchasing an additional 37,546 shares during the period. Finally, Bamco Inc. NY boosted its position in TWFG by 3.9% during the 2nd quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock worth $31,572,000 after purchasing an additional 34,237 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.