TWFG, Inc. (NASDAQ:TWFG) Receives $26.86 Average PT from Brokerages

Shares of TWFG, Inc. (NASDAQ:TWFG) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $28.4286.

Several analysts have recently commented on TWFG shares. Morgan Stanley set a $26.00 price objective on TWFG in a report on Monday. Zacks Research raised TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Truist Financial set a $23.00 price target on TWFG in a research note on Monday, June 8th. UBS Group raised their price target on TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Monday. Finally, Piper Sandler boosted their price target on TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th.

Insiders Place Their Bets

In related news, Director Michael Doak bought 7,865 shares of the company’s stock in a transaction on Friday, June 5th. The shares were bought at an average price of $19.45 per share, with a total value of $152,974.25. Following the transaction, the director owned 765,587 shares in the company, valued at approximately $14,890,667.15. This trade represents a 1.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have purchased 160,852 shares of company stock worth $3,034,663. 68.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TWFG

Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp raised its stake in TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after acquiring an additional 454 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in TWFG during the 4th quarter worth about $68,000. Quantbot Technologies LP grew 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 purchasing an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in TWFG during the 3rd quarter valued at about $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of TWFG in the second quarter valued at about $155,000.

TWFG Price Performance

Shares of TWFG stock opened at $27.45 on Friday. The stock’s 50-day moving average is $24.55 and its 200 day moving average is $21.52. TWFG has a 1-year low of $16.56 and a 1-year high of $29.99. The company has a market cap of $1.49 billion, a P/E ratio of 46.53 and a beta of 0.16.

TWFG (NASDAQ:TWFG) last posted its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. TWFG had a net margin of 2.90% and a return on equity of 19.49%. The company had revenue of $87.51 million during the quarter, compared to analysts’ expectations of $77.34 million. On average, analysts anticipate that TWFG will post 0.98 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.