TWFG, Inc. (TWFG) – What Are Brokerages Saying About This Stock?

TWFG, Inc. (NASDAQ:TWFG) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $30.57.

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of TWFG from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, November 10th. Keefe, Bruyette & Woods raised their price objective on TWFG from $28.00 to $30.00 and gave the stock a “market perform” rating in a report on Thursday, November 5th. Wall Street Zen lowered TWFG from a “buy” rating to a “hold” rating in a report on Sunday, November 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of TWFG in a research report on Wednesday. Finally, Royal Bank Of Canada boosted their target price on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 7th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Giverny Capital Inc. increased its holdings in shares of TWFG by 18.2% in the 2nd quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock valued at $15,691,000 after purchasing an additional 100,345 shares in the last quarter. Riverbridge Partners LLC boosted its holdings in TWFG by 4.5% during the third quarter. Riverbridge Partners LLC now owns 347,619 shares of the company’s stock worth $8,346,000 after buying an additional 14,961 shares in the last quarter. Ascent Group LLC grew its position in TWFG by 0.8% during the third quarter. Ascent Group LLC now owns 214,110 shares of the company’s stock worth $5,141,000 after buying an additional 1,800 shares during the period. Renaissance Technologies LLC grew its position in TWFG by 201.9% during the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after buying an additional 79,127 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in TWFG during the first quarter worth about $1,243,000.

TWFG Stock Down 3.5%

NASDAQ TWFG traded down $0.93 during trading hours on Friday, hitting $25.79. 128,235 shares of the company were exchanged, compared to its average volume of 201,372. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 45.25 and a beta of 0.20. The company has a 50 day moving average of $26.34 and a two-hundred day moving average of $23.27. TWFG has a 52-week low of $16.56 and a 52-week high of $31.42.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. TWFG had a net margin of 2.57% and a return on equity of 23.41%. The company had revenue of $79.92 million for the quarter, compared to the consensus estimate of $79.48 million. On average, equities research analysts predict that TWFG will post 1.10 EPS for the current year.

About TWFG

TWFG, Inc. is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Its offerings include personal and commercial property and casualty insurance, as well as life and health coverage. Founded in 2001 as The Woodlands Financial Group, the company operates through a network of retail insurance agencies and independent agents. TWFG serves customers across the United States. TWFG was founded by Richard “Ricky” McKenzie, who leads the company as chairman and chief executive officer.