TWFG (NASDAQ:TWFG) Upgraded at Zacks Research

Zacks Research upgraded shares of TWFG (NASDAQ:TWFG) from a hold rating to a strong-buy rating in a research note published on Thursday,Zacks.com reports.

Several other equities research analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. UBS Group cut their price objective on shares of TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley reduced their price objective on shares of TWFG from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Piper Sandler decreased their price objective on TWFG from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Finally, Keefe, Bruyette & Woods lowered their target price on TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.50.

TWFG Trading Down 2.8%

TWFG opened at $17.92 on Thursday. The stock has a market capitalization of $1.01 billion, a P/E ratio of 35.14 and a beta of 0.57. TWFG has a 12 month low of $16.56 and a 12 month high of $36.85. The firm’s fifty day simple moving average is $19.71 and its 200 day simple moving average is $24.49. 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 (NASDAQ:TWFG) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, beating the consensus estimate 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 net margin of 3.11% and a return on equity of 13.51%. As a group, research analysts anticipate that TWFG will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On TWFG

Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in TWFG by 102.7% during the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after acquiring an additional 454 shares in the last quarter. Quadrant Capital Group LLC bought a new position in shares of TWFG in the 4th quarter valued at about $68,000. Quantbot Technologies LP increased its stake in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares during the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of TWFG during the 2nd quarter worth about $155,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of TWFG during the 3rd quarter worth about $142,000.

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.