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

TWFG (NASDAQ:TWFG) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on TWFG. Weiss Ratings reiterated a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th. Wall Street Zen cut shares of TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of TWFG in a research note on Monday. UBS Group dropped 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.86.

TWFG Stock Performance

Shares of TWFG stock opened at $20.65 on Monday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 38.24 and a beta of 0.46. The firm’s 50-day moving average is $18.94 and its 200 day moving average is $22.44. TWFG has a 1 year low of $16.56 and a 1 year high of $36.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71.

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

Insider Transactions at TWFG

In related news, Director Michael Doak bought 24,880 shares of the stock in a transaction on Wednesday, May 27th. The shares were acquired at an average price of $18.62 per share, for a total transaction of $463,265.60. Following the purchase, the director owned 668,398 shares of the company’s stock, valued at approximately $12,445,570.76. The trade was a 3.87% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have bought 160,852 shares of company stock worth $3,034,663. 68.44% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TWFG

Several hedge funds and other institutional investors have recently bought and sold shares of TWFG. Quantbot Technologies LP lifted its stake 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 acquiring an additional 1,395 shares during the period. Jane Street Group LLC bought a new position in TWFG during the 2nd quarter valued at about $1,219,000. Bank of America Corp DE lifted its stake in TWFG by 287.2% during the 2nd quarter. Bank of America Corp DE now owns 50,618 shares of the company’s stock valued at $1,772,000 after acquiring an additional 37,546 shares during the period. Bamco Inc. NY lifted its stake in TWFG by 3.9% during the 2nd quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock valued at $31,572,000 after acquiring an additional 34,237 shares during the period. Finally, Boothbay Fund Management LLC lifted its stake in TWFG by 225.5% during the 2nd quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company’s stock valued at $1,447,000 after acquiring an additional 28,634 shares during the period.

TWFG Company Profile

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.