TWFG, Inc. (NASDAQ:TWFG) Given Average Recommendation of “Hold” by Analysts

Shares of TWFG, Inc. (NASDAQ:TWFG) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $32.8571.

A number of research analysts recently weighed in on TWFG shares. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a report on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of TWFG from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. UBS Group reduced their target price on shares of TWFG from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Royal Bank Of Canada initiated coverage on shares of TWFG in a report on Monday, November 24th. They issued an “outperform” rating and a $33.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective on TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, November 17th.

Institutional Trading of TWFG

A number of institutional investors have recently bought and sold shares of TWFG. Riverbridge Partners LLC purchased a new position in TWFG during the second quarter worth $12,049,000. Ascent Group LLC lifted its holdings in shares of TWFG by 10.6% in the 2nd quarter. Ascent Group LLC now owns 48,547 shares of the company’s stock worth $1,699,000 after acquiring an additional 4,664 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of TWFG by 8.4% during the 2nd quarter. TD Asset Management Inc now owns 57,394 shares of the company’s stock worth $2,009,000 after purchasing an additional 4,452 shares during the period. Envestnet Asset Management Inc. bought a new position in TWFG during the 2nd quarter valued at about $342,000. Finally, Acadian Asset Management LLC raised its position in TWFG by 5.2% in the 2nd quarter. Acadian Asset Management LLC now owns 71,738 shares of the company’s stock worth $2,505,000 after purchasing an additional 3,527 shares during the period.

TWFG Trading Down 2.7%

Shares of TWFG stock opened at $25.67 on Monday. The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 58.34 and a beta of 0.11. TWFG has a 12-month low of $23.52 and a 12-month high of $36.85. The stock’s 50-day moving average price is $27.96 and its 200-day moving average price is $27.95.

TWFG (NASDAQ:TWFG) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $64.12 million during the quarter, compared to analysts’ expectations of $64.15 million. TWFG had a return on equity of 8.74% and a net margin of 2.87%. Equities research analysts predict that TWFG will post 0.57 EPS for the current fiscal 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.