TWFG (NASDAQ:TWFG) Stock Price Down 4.3% – What’s Next?

TWFG, Inc. (NASDAQ:TWFG)’s share price was down 4.3% on Wednesday . The stock traded as low as $17.14 and last traded at $17.4580. Approximately 51,759 shares traded hands during trading, a decline of 60% from the average daily volume of 128,488 shares. The stock had previously closed at $18.25.

Analyst Upgrades and Downgrades

TWFG has been the subject of a number of recent research reports. Zacks Research downgraded TWFG from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their target price on shares of TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Royal Bank Of Canada assumed coverage on shares of TWFG in a research note on Monday, November 24th. They issued an “outperform” rating and a $33.00 price target for the company. Finally, Morgan Stanley lifted their price target on shares of TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $32.86.

TWFG Stock Performance

The stock has a 50-day moving average price of $26.28 and a 200 day moving average price of $26.61. The company has a quick ratio of 101.35, a current ratio of 101.35 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $983.61 million, a price-to-earnings ratio of 39.78 and a beta of 0.10.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Ascent Group LLC boosted its stake in TWFG by 86.2% during the 3rd quarter. Ascent Group LLC now owns 90,402 shares of the company’s stock worth $2,481,000 after purchasing an additional 41,855 shares during the period. Giverny Capital Inc. purchased a new stake in shares of TWFG in the second quarter valued at about $6,225,000. Envestnet Asset Management Inc. purchased a new stake in shares of TWFG in the second quarter valued at about $342,000. Riverbridge Partners LLC boosted its stake in shares of TWFG by 57.6% during the third quarter. Riverbridge Partners LLC now owns 542,661 shares of the company’s stock worth $14,891,000 after buying an additional 198,394 shares during the period. Finally, Next Century Growth Investors LLC boosted its stake in shares of TWFG by 34.0% during the second quarter. Next Century Growth Investors LLC now owns 144,398 shares of the company’s stock worth $5,054,000 after buying an additional 36,662 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.