TWFG (NASDAQ:TWFG) Upgraded at Zacks Research

Zacks Research upgraded shares of TWFG (NASDAQ:TWFG) from a strong sell rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

Several other research analysts have also weighed in on the stock. Morgan Stanley lowered their price objective on shares of TWFG from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. raised their target price on shares of TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, November 17th. Piper Sandler reduced their price target on TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada began coverage on TWFG in a research note on Monday, November 24th. They issued an “outperform” rating and a $33.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, TWFG presently has a consensus rating of “Hold” and an average target price of $30.83.

TWFG Price Performance

NASDAQ:TWFG opened at $20.81 on Wednesday. TWFG has a 52-week low of $16.56 and a 52-week high of $36.85. The company has a market cap of $1.17 billion, a P/E ratio of 40.80 and a beta of 0.35. 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 stock’s 50-day simple moving average is $23.74 and its 200 day simple moving average is $25.82.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The firm had revenue of $68.83 million during the quarter, compared to analysts’ expectations of $60.81 million. TWFG had a return on equity of 13.72% and a net margin of 3.11%. As a group, sell-side analysts forecast that TWFG will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TWFG. Fifth Third Bancorp raised 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 valued at $26,000 after buying an additional 454 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in shares of TWFG in the fourth quarter valued at approximately $68,000. Quantbot Technologies LP grew its position in TWFG by 52.5% during the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after buying an additional 1,395 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in TWFG during the 2nd quarter worth $155,000. Finally, Russell Investments Group Ltd. bought a new position in TWFG during the 3rd quarter worth $142,000.

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.