TWFG (NASDAQ:TWFG) Price Target Cut to $34.00 by Analysts at UBS Group

TWFG (NASDAQ:TWFG) had its target price decreased by UBS Group from $39.00 to $34.00 in a report published on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

TWFG has been the topic of a number of other reports. Piper Sandler decreased their target price on TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Royal Bank Of Canada started coverage on TWFG in a research report on Monday, November 24th. They set an “outperform” rating and a $33.00 price target for the company. Zacks Research upgraded shares of TWFG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Morgan Stanley lowered their target price 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, March 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, TWFG presently has an average rating of “Hold” and an average target price of $30.00.

TWFG Stock Down 3.9%

TWFG opened at $20.00 on Monday. The firm has a market capitalization of $1.12 billion, a P/E ratio of 39.22 and a beta of 0.37. TWFG has a one year low of $16.56 and a one year high of $36.85. The company has a fifty day moving average price of $23.55 and a 200-day moving average price of $25.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 101.35 and a quick ratio of 101.35.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $68.83 million for the quarter, compared to the consensus estimate of $60.81 million. TWFG had a return on equity of 13.72% and a net margin of 3.11%. Equities research analysts expect that TWFG will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TWFG

Several hedge funds have recently added to or reduced their stakes in TWFG. Fifth Third Bancorp increased 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 valued at $26,000 after purchasing an additional 454 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in TWFG by 7.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock worth $382,000 after buying an additional 970 shares during the last quarter. Quantbot Technologies LP lifted its position in TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after buying an additional 1,395 shares during the last quarter. State of Wyoming boosted its stake in TWFG by 42.0% in the second quarter. State of Wyoming now owns 5,188 shares of the company’s stock worth $182,000 after buying an additional 1,535 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in TWFG by 5.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock worth $950,000 after buying an additional 1,800 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.