TWFG (NASDAQ:TWFG) Shares Up 8.3% – Time to Buy?

TWFG, Inc. (NASDAQ:TWFG) traded up 8.3% during mid-day trading on Friday . The stock traded as high as $22.98 and last traded at $23.1550. 33,278 shares traded hands during trading, a decline of 86% from the average daily volume of 239,354 shares. The stock had previously closed at $21.39.

Analyst Ratings Changes

TWFG has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Piper Sandler cut their target price on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Truist Financial set a $23.00 target price on TWFG in a report on Monday, June 8th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of TWFG in a research report on Monday, June 8th. Finally, UBS Group lowered their price target on TWFG from $31.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.86.

TWFG Trading Up 9.1%

The business has a 50-day moving average of $19.68 and a 200-day moving average of $21.87. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 43.20 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last issued its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.09. The company had revenue of $72.84 million for the quarter, compared to analyst estimates of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. As a group, research analysts forecast that TWFG, Inc. will post 0.97 earnings per share for the current year.

Insider Buying and Selling

In other TWFG news, Director Michael Doak bought 7,865 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $19.45 per share, with a total value of $152,974.25. Following the completion of the transaction, the director directly owned 765,587 shares of the company’s stock, valued at approximately $14,890,667.15. The trade was a 1.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 160,852 shares of company stock valued at $3,034,663 over the last ninety days. Insiders own 68.44% of the company’s stock.

Institutional Investors Weigh In On TWFG

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp increased 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 buying an additional 454 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of TWFG by 7.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock worth $382,000 after acquiring an additional 970 shares in the last quarter. Quantbot Technologies LP boosted 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 acquiring an additional 1,395 shares in the last quarter. State of Wyoming increased its holdings in shares of TWFG by 42.0% during the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock valued at $182,000 after acquiring an additional 1,535 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of TWFG by 5.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock valued at $950,000 after acquiring an additional 1,800 shares during the last quarter.

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.