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

TWFG, Inc. (NASDAQ:TWFG) has earned a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $30.00.

A number of brokerages recently issued reports on TWFG. Morgan Stanley dropped their price target on shares of TWFG from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, March 5th. Royal Bank Of Canada assumed coverage on shares of TWFG in a report on Monday, November 24th. They set an “outperform” rating and a $33.00 price objective for the company. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Piper Sandler reduced their price target on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Finally, UBS Group decreased their price target on TWFG from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Monday.

TWFG Price Performance

TWFG opened at $20.00 on Tuesday. TWFG has a twelve month low of $16.56 and a twelve month high of $36.85. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 39.22 and a beta of 0.37. 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 company has a fifty day simple moving average of $23.55 and a 200 day simple moving average of $25.72.

TWFG (NASDAQ:TWFG) last announced its earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. TWFG had a return on equity of 13.72% and a net margin of 3.11%.The company had revenue of $68.83 million during the quarter, compared to the consensus estimate of $60.81 million. Equities research analysts expect 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. Central Securities Corp purchased a new stake in shares of TWFG in the 3rd quarter valued at approximately $12,348,000. Ascent Group LLC grew its position in TWFG by 86.2% during the 3rd quarter. Ascent Group LLC now owns 90,402 shares of the company’s stock worth $2,481,000 after purchasing an additional 41,855 shares in the last quarter. Giverny Capital Inc. acquired a new stake in TWFG during the 2nd quarter valued at $6,225,000. Envestnet Asset Management Inc. acquired a new stake in TWFG during the 2nd quarter valued at $342,000. Finally, Riverbridge Partners LLC lifted its holdings in shares of TWFG by 57.6% in the third quarter. Riverbridge Partners LLC now owns 542,661 shares of the company’s stock valued at $14,891,000 after purchasing an additional 198,394 shares in the last quarter.

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.