TWFG (NASDAQ:TWFG) Shares Up 5.8% – Here’s Why

TWFG, Inc. (NASDAQ:TWFG) shares traded up 5.8% on Monday . The company traded as high as $18.57 and last traded at $18.55. 50,664 shares were traded during mid-day trading, a decline of 76% from the average session volume of 215,320 shares. The stock had previously closed at $17.53.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Zacks Research raised TWFG from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. UBS Group dropped their price objective on shares of TWFG from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of TWFG from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Morgan Stanley decreased their price target on shares of TWFG from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.00.

TWFG Stock Performance

The company has a fifty day moving average of $20.85 and a two-hundred day moving average of $24.87. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 35.33 and a beta of 0.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 107.86 and a current ratio of 107.86.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $70.26 million for the quarter, compared to analyst estimates of $60.81 million. TWFG had a return on equity of 13.51% and a net margin of 3.11%. As a group, equities research analysts predict that TWFG, Inc. will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TWFG

Hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its stake in TWFG by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock worth $81,929,000 after purchasing an additional 26,742 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of TWFG during the fourth quarter worth approximately $337,000. Balyasny Asset Management L.P. bought a new position in shares of TWFG during the fourth quarter worth approximately $285,000. Schonfeld Strategic Advisors LLC raised its position in shares of TWFG by 92.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 26,848 shares of the company’s stock valued at $772,000 after buying an additional 12,912 shares in the last quarter. Finally, Gillson Capital LP raised its position in shares of TWFG by 14.6% in the fourth quarter. Gillson Capital LP now owns 169,065 shares of the company’s stock valued at $4,864,000 after buying an additional 21,565 shares in 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.