Wall Street Zen Downgrades TWFG (NASDAQ:TWFG) to Hold

TWFG (NASDAQ:TWFG) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

TWFG has been the topic of a number of other research reports. Morgan Stanley dropped their price objective on shares of TWFG from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Piper Sandler decreased 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. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Zacks Research raised shares of TWFG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, UBS Group reduced their price objective on TWFG from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Three investment 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 company currently has a consensus rating of “Hold” and an average target price of $30.00.

TWFG Stock Down 4.3%

TWFG stock opened at $17.53 on Friday. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $36.85. The business’s 50-day moving average is $21.13 and its two-hundred day moving average is $24.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 107.86 and a current ratio of 107.86. The company has a market cap of $985.19 million, a price-to-earnings ratio of 34.37 and a beta of 0.35.

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

Institutional Trading of TWFG

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp raised 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 period. Quadrant Capital Group LLC bought a new position in TWFG in the 4th quarter worth $68,000. Quantbot Technologies LP increased its stake 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 in the last quarter. Russell Investments Group Ltd. purchased a new stake in TWFG in the 3rd quarter worth $142,000. Finally, State of Tennessee Department of Treasury bought a new stake in TWFG during the second quarter valued at about $155,000.

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.