TWFG, Inc. (NASDAQ:TWFG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of TWFG, Inc. (NASDAQ:TWFG) have received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $29.5714.

A number of equities analysts recently weighed in on TWFG shares. JPMorgan Chase & Co. increased their price target on TWFG from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded TWFG from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Weiss Ratings raised shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. UBS Group boosted their price target on shares of TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Morgan Stanley upgraded shares of TWFG from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $26.00 to $30.00 in a research report on Wednesday, August 19th.

Institutional Trading of TWFG

A number of hedge funds have recently modified their holdings of the business. Fifth Third Bancorp boosted its position in shares of TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after buying an additional 454 shares during the period. Quadrant Capital Group LLC acquired a new position in TWFG during the fourth quarter valued at $68,000. Quantbot Technologies LP raised its position in TWFG by 52.5% during 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 period. State of Tennessee Department of Treasury purchased a new stake in TWFG in the 2nd quarter worth about $155,000. Finally, Russell Investments Group Ltd. purchased a new stake in TWFG in the 3rd quarter worth about $142,000.

TWFG Stock Performance

NASDAQ TWFG opened at $28.89 on Tuesday. The stock has a market capitalization of $1.56 billion, a P/E ratio of 48.97 and a beta of 0.18. TWFG has a 1 year low of $16.56 and a 1 year high of $31.30. The business’s fifty day moving average is $27.36 and its two-hundred day moving average is $22.20.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $87.51 million during the quarter, compared to the consensus estimate of $77.34 million. TWFG had a return on equity of 19.49% and a net margin of 2.90%. On average, research analysts forecast that TWFG will post 1.09 earnings per share for the current year.

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.