UBS Group Has Lowered Expectations for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its price target cut by research analysts at UBS Group from $34.00 to $31.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 68.11% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods cut their price objective on TWFG from $31.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday. Zacks Research upgraded TWFG from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Piper Sandler decreased their target price on TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded TWFG from a “hold” rating to a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.50.

TWFG Stock Performance

TWFG opened at $18.44 on Wednesday. The stock has a market cap of $1.04 billion, a PE ratio of 36.16 and a beta of 0.57. The company has a current ratio of 107.86, a quick ratio of 107.86 and a debt-to-equity ratio of 0.01. TWFG has a 1 year low of $16.56 and a 1 year high of $36.85. The stock’s 50 day simple moving average is $19.85 and its 200-day simple moving average is $24.56.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $70.26 million for the quarter, compared to analysts’ expectations of $60.81 million. TWFG had a return on equity of 13.51% and a net margin of 3.11%. Sell-side analysts forecast that TWFG will post 0.57 EPS for the current year.

Hedge Funds Weigh In On TWFG

Several hedge funds have recently added to or reduced their stakes in TWFG. Capital International Investors lifted its stake in TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after buying an additional 511,469 shares during the period. Central Securities Corp acquired a new position in TWFG in the third quarter valued at about $12,348,000. Riverbridge Partners LLC lifted its stake in 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 buying an additional 198,394 shares during the period. Lord Abbett & CO. LLC lifted its stake in TWFG by 179.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock valued at $7,358,000 after buying an additional 164,355 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in TWFG by 57.4% in the third quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock valued at $9,645,000 after buying an additional 128,180 shares during the period.

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.