TWFG (NASDAQ:TWFG) Stock Rating Upgraded by Wall Street Zen

TWFG (NASDAQ:TWFG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also commented on TWFG. Zacks Research upgraded TWFG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Royal Bank Of Canada began coverage on TWFG in a report on Monday, November 24th. They set an “outperform” rating and a $33.00 price target for the company. UBS Group reduced their price target on TWFG from $39.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Piper Sandler decreased their price objective on TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, TWFG currently has a consensus rating of “Hold” and a consensus target price of $30.00.

TWFG Price Performance

Shares of NASDAQ:TWFG opened at $18.44 on Friday. The company has a quick ratio of 107.86, a current ratio of 107.86 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.04 billion, a PE ratio of 36.16 and a beta of 0.35. The firm’s 50 day moving average price is $21.97 and its 200-day moving average price is $25.24. TWFG has a twelve month low of $16.56 and a twelve month high of $36.85.

TWFG (NASDAQ:TWFG) last announced its earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. TWFG had a net margin of 3.11% and a return on equity of 13.51%. The company had revenue of $70.26 million during the quarter, compared to analyst estimates of $60.81 million. Equities research analysts expect that TWFG will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Capital International Investors increased its stake in TWFG by 114.4% in the 4th quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after buying an additional 511,469 shares in the last quarter. Central Securities Corp purchased a new position in shares of TWFG in the third quarter valued at about $12,348,000. Riverbridge Partners LLC boosted its stake in shares of TWFG by 57.6% in the third quarter. Riverbridge Partners LLC now owns 542,661 shares of the company’s stock worth $14,891,000 after acquiring an additional 198,394 shares during the period. Giverny Capital Inc. purchased a new stake in shares of TWFG during the second quarter worth about $6,225,000. Finally, Lord Abbett & CO. LLC grew its position in shares of TWFG by 179.8% during the fourth quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock worth $7,358,000 after purchasing an additional 164,355 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.