TWFG (NASDAQ:TWFG) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of TWFG (NASDAQ:TWFG) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks.com reports.

TWFG has been the topic of several other reports. UBS Group dropped their price objective on shares of TWFG from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Royal Bank Of Canada started coverage on shares of TWFG in a research report on Monday, November 24th. They issued an “outperform” rating and a $33.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a report on Wednesday, October 8th. Finally, Morgan Stanley upped their price objective on TWFG from $30.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.86.

TWFG Stock Performance

Shares of TWFG stock opened at $25.88 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 101.35 and a current ratio of 101.35. The firm has a market cap of $1.45 billion, a P/E ratio of 58.82 and a beta of 0.11. The firm’s 50 day moving average price is $27.91 and its 200-day moving average price is $27.78. TWFG has a one year low of $23.52 and a one year high of $36.85.

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

Hedge Funds Weigh In On TWFG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Central Securities Corp acquired a new position in shares of TWFG in the 3rd quarter valued at approximately $12,348,000. Riverbridge Partners LLC bought a new stake in shares of TWFG in the second quarter valued at about $12,049,000. Giverny Capital Inc. acquired a new position in shares of TWFG during the second quarter worth about $6,225,000. Victory Capital Management Inc. grew its holdings in shares of TWFG by 57.4% during the third quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock worth $9,645,000 after buying an additional 128,180 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC bought a new stake in TWFG in the 2nd quarter valued at approximately $2,809,000.

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.