TWFG (NASDAQ:TWFG) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of TWFG (NASDAQ:TWFG) from a hold rating to a strong-buy rating in a report released on Monday,Zacks reports.

Other equities analysts have also recently issued reports about the stock. UBS Group upped their price objective on shares of TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. decreased their price objective on shares of TWFG from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. Keefe, Bruyette & Woods lifted their target price on shares of TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. Wall Street Zen cut shares of TWFG from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings upgraded shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.29.

TWFG Price Performance

TWFG stock opened at $24.26 on Monday. The stock has a market capitalization of $1.31 billion, a PE ratio of 41.12 and a beta of 0.28. The business has a 50 day simple moving average of $26.98 and a 200-day simple moving average of $23.39. TWFG has a 12 month low of $16.56 and a 12 month high of $31.30.

TWFG (NASDAQ:TWFG) last announced its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%. The firm had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million. On average, equities research analysts anticipate that TWFG will post 1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of TWFG by 20.1% in the first quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock valued at $270,000 after purchasing an additional 2,459 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in TWFG during the second quarter worth about $72,000. Blalock Williams LLC raised its stake in TWFG by 14.9% during the second quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock worth $551,000 after purchasing an additional 2,978 shares during the period. Bank of America Corp DE raised its stake in TWFG by 26.7% during the first quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock worth $995,000 after purchasing an additional 11,415 shares during the period. Finally, Symphony Financial Ltd. Co. raised its stake in TWFG by 153.7% during the second quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock worth $942,000 after purchasing an additional 23,682 shares during the period.

TWFG Company Profile

TWFG, Inc is an independent insurance distribution company that operates through a network of agencies and affiliated producers. The company helps individuals and businesses obtain insurance coverage from a range of carriers rather than underwriting policies itself.

Its offerings include personal insurance products such as auto, homeowners, renters and other property and casualty coverage, as well as commercial insurance solutions for businesses. TWFG also provides access to life, health and related insurance products through its agency platform.

Founded in 2008, TWFG is headquartered in The Woodlands, Texas, and serves customers across the United States through its network of agency locations and insurance professionals.