TWFG, Inc. (NASDAQ:TWFG) Receives $24.86 Average Target Price from Analysts

Shares of TWFG, Inc. (NASDAQ:TWFG) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $24.8571.

Several research firms recently commented on TWFG. Morgan Stanley lowered their target price on TWFG from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Piper Sandler reduced their price target on TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Truist Financial set a $23.00 price objective on TWFG in a research note on Monday, June 8th. Zacks Research raised TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th.

Insider Activity at TWFG

In other TWFG news, Director Michael Doak acquired 7,865 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of $19.45 per share, for a total transaction of $152,974.25. Following the acquisition, the director owned 765,587 shares in the company, valued at $14,890,667.15. The trade was a 1.04% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have purchased 160,852 shares of company stock valued at $3,034,663. Corporate insiders own 68.44% of the company’s stock.

Hedge Funds Weigh In On TWFG

Several hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its position in shares of TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after buying an additional 454 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in shares of TWFG in the 4th quarter valued at $68,000. Quantbot Technologies LP grew its position 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 buying an additional 1,395 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in TWFG during the 2nd quarter worth $155,000. Finally, Russell Investments Group Ltd. purchased a new stake in TWFG in the third quarter valued at $142,000.

TWFG Trading Down 0.8%

TWFG opened at $21.50 on Thursday. TWFG has a 52 week low of $16.56 and a 52 week high of $36.79. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $19.48 and a 200-day simple moving average of $22.01. The firm has a market cap of $1.16 billion, a P/E ratio of 39.81 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.20 by $0.09. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The company had revenue of $72.84 million during the quarter, compared to analysts’ expectations of $67.67 million. On average, equities analysts expect that TWFG will post 0.97 earnings per share for the current year.

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.