TWFG (NASDAQ:TWFG) Downgraded to “Strong Sell” Rating by Zacks Research

TWFG (NASDAQ:TWFG) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. UBS Group dropped their price target on TWFG from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Morgan Stanley boosted their target price on shares of TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Royal Bank Of Canada initiated coverage on shares of TWFG in a research report on Monday, November 24th. They set an “outperform” rating and a $33.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, TWFG has an average rating of “Hold” and an average price target of $32.86.

TWFG Stock Performance

Shares of NASDAQ:TWFG opened at $25.78 on Tuesday. The company has a quick ratio of 101.35, a current ratio of 101.35 and a debt-to-equity ratio of 0.01. TWFG has a 12-month low of $23.52 and a 12-month high of $36.85. The company’s 50 day moving average price is $27.94 and its two-hundred day moving average price is $27.80. The firm has a market cap of $1.45 billion, a PE ratio of 58.59 and a beta of 0.11.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $64.12 million for the quarter, compared to analyst estimates of $64.15 million. TWFG had a return on equity of 8.74% and a net margin of 2.87%. Equities research analysts predict that TWFG will post 0.57 earnings per share for the current year.

Institutional Trading of TWFG

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Riverbridge Partners LLC bought a new stake in TWFG in the second quarter valued at approximately $12,049,000. Ascent Group LLC lifted its position in shares of TWFG by 86.2% in the 3rd quarter. Ascent Group LLC now owns 90,402 shares of the company’s stock worth $2,481,000 after purchasing an additional 41,855 shares during the period. Giverny Capital Inc. bought a new stake in shares of TWFG in the 2nd quarter valued at $6,225,000. Envestnet Asset Management Inc. bought a new position in TWFG during the second quarter worth $342,000. Finally, Grandeur Peak Global Advisors LLC acquired a new position in TWFG in the second quarter valued at $2,809,000.

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.