TWFG (NASDAQ:TWFG) Stock Rating Lowered by Wall Street Zen

TWFG (NASDAQ:TWFG) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

TWFG has been the topic of several other reports. 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. UBS Group cut their price objective on shares of TWFG from $39.00 to $34.00 and set a “buy” rating for the company in a report on Monday, March 9th. Piper Sandler decreased their target price on shares of TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of TWFG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Three equities 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 company currently has an average rating of “Hold” and an average price target of $30.00.

TWFG Stock Performance

NASDAQ:TWFG opened at $18.62 on Friday. The stock has a 50 day simple moving average of $20.99 and a 200 day simple moving average of $24.91. The stock has a market cap of $1.05 billion, a P/E ratio of 36.51 and a beta of 0.37. TWFG has a 1-year low of $16.56 and a 1-year high of $36.85. The company has a current ratio of 107.86, a quick ratio of 107.86 and a debt-to-equity ratio of 0.01.

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%. Research analysts anticipate that TWFG will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TWFG. Fifth Third Bancorp lifted its stake in TWFG by 102.7% during the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 454 shares during the last quarter. Quadrant Capital Group LLC bought a new position in shares of TWFG in the 4th quarter valued at $68,000. Quantbot Technologies LP increased its stake in shares of TWFG by 52.5% in 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. State of Tennessee Department of Treasury acquired a new position in shares of TWFG during the 2nd quarter worth $155,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of TWFG during the 3rd quarter worth $142,000.

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.