TWFG, Inc. (NASDAQ:TWFG) Given Consensus Recommendation of “Hold” by Brokerages

TWFG, Inc. (NASDAQ:TWFG) has been given an average rating of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $32.8571.

Several equities analysts have recently issued reports on TWFG shares. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their target price on shares of TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, November 17th. Zacks Research lowered TWFG from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Morgan Stanley upped their price target on TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Finally, Royal Bank Of Canada started coverage on TWFG in a research note on Monday, November 24th. They issued an “outperform” rating and a $33.00 price objective for the company.

TWFG Stock Performance

TWFG opened at $20.38 on Friday. TWFG has a 52-week low of $18.50 and a 52-week high of $36.85. The firm’s 50-day moving average price is $26.84 and its 200-day moving average price is $26.91. The company has a quick ratio of 101.35, a current ratio of 101.35 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.15 billion, a P/E ratio of 46.32 and a beta of 0.10.

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

Hedge Funds Weigh In On TWFG

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp boosted 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 acquiring an additional 454 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in TWFG in the second quarter valued at about $155,000. Russell Investments Group Ltd. purchased a new position in shares of TWFG in the third quarter valued at $142,000. Finally, State of Wyoming increased its stake in shares of TWFG by 42.0% during the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock worth $182,000 after purchasing an additional 1,535 shares in the last quarter.

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.