TWFG, Inc. (NASDAQ:TWFG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

TWFG, Inc. (NASDAQ:TWFG) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $29.5714.

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of TWFG from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Truist Financial set a $23.00 price target on shares of TWFG in a research report on Monday, June 8th. Zacks Research cut shares of TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Royal Bank Of Canada boosted their price objective on shares of TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised TWFG from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th.

Insider Activity

In other TWFG news, Director Michael Doak purchased 7,865 shares of the business’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $19.45 per share, for a total transaction of $152,974.25. Following the purchase, the director owned 765,587 shares of the company’s stock, valued at approximately $14,890,667.15. This represents a 1.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 41,859 shares of company stock valued at $791,113 over the last three months. Corporate insiders own 68.44% of the company’s stock.

Institutional Trading of TWFG

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp boosted its holdings 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 last quarter. Quadrant Capital Group LLC purchased a new position in shares of TWFG during the fourth quarter valued at about $68,000. Quantbot Technologies LP increased its holdings in shares of TWFG by 52.5% in the second 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. Russell Investments Group Ltd. bought a new stake in shares of TWFG in the third quarter worth about $142,000. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of TWFG in the second quarter worth about $155,000.

TWFG Trading Down 3.9%

Shares of TWFG opened at $28.83 on Tuesday. TWFG has a 12 month low of $16.56 and a 12 month high of $31.30. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 48.86 and a beta of 0.15. The business’s fifty day simple moving average is $26.69 and its two-hundred day simple moving average is $21.85.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%.The company had revenue of $87.51 million during the quarter, compared to the consensus estimate of $77.34 million. As a group, research analysts forecast that TWFG will post 1.09 EPS for the current year.

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.