TWFG (NASDAQ:TWFG) Shares Gap Up – What’s Next?

TWFG, Inc. (NASDAQ:TWFG) shares gapped up prior to trading on Wednesday . The stock had previously closed at $19.89, but opened at $20.83. TWFG shares last traded at $21.4840, with a volume of 23,880 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TWFG. Weiss Ratings reissued a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. Truist Financial set a $23.00 price target on shares of TWFG in a research report on Monday. UBS Group decreased their price target on shares of TWFG from $31.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday. Morgan Stanley lowered their price objective on shares of TWFG from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. Finally, Piper Sandler cut their price objective on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, TWFG presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.86.

TWFG Price Performance

The firm has a fifty day moving average of $19.06 and a two-hundred day moving average of $22.35. The company has a current ratio of 94.71, a quick ratio of 94.71 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.15 billion, a PE ratio of 39.24 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The business had revenue of $72.84 million for the quarter, compared to analysts’ expectations of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. Research analysts anticipate that TWFG, Inc. will post 0.97 EPS for the current fiscal year.

Insider Activity at TWFG

In other news, Director Michael Doak purchased 24,880 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average cost of $18.62 per share, for a total transaction of $463,265.60. Following the acquisition, the director directly owned 668,398 shares of the company’s stock, valued at $12,445,570.76. This represents a 3.87% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 160,852 shares of company stock valued at $3,034,663 over the last quarter. 68.44% of the stock is owned by insiders.

Hedge Funds Weigh In On TWFG

A number of hedge funds have recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in shares of TWFG by 102.7% during the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 454 shares during the period. Quadrant Capital Group LLC purchased a new position in TWFG during the 4th quarter valued at about $68,000. Quantbot Technologies LP increased its holdings in TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares during the period. Russell Investments Group Ltd. bought a new position in TWFG during the 3rd quarter valued at approximately $142,000. Finally, State of Tennessee Department of Treasury bought a new position in TWFG during the 2nd quarter valued at approximately $155,000.

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.