TWFG (NASDAQ:TWFG) Stock Price Up 8.3% – Here’s Why

TWFG, Inc. (NASDAQ:TWFG) shares rose 8.3% on Friday . The stock traded as high as $22.98 and last traded at $23.1550. Approximately 33,278 shares traded hands during trading, a decline of 86% from the average session volume of 239,354 shares. The stock had previously closed at $21.39.

Analysts Set New Price Targets

TWFG has been the topic of a number of analyst reports. Wall Street Zen lowered TWFG from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Piper Sandler lowered their target price on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Truist Financial set a $23.00 target price on shares of TWFG in a report on Monday, June 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of TWFG in a research report on Monday, May 4th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of TWFG in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.86.

TWFG Stock Up 10.7%

The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71. The stock has a market capitalization of $1.28 billion, a P/E ratio of 43.83 and a beta of 0.46. The firm has a 50 day moving average of $19.79 and a 200-day moving average of $21.88.

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

Insider Buying and Selling

In other TWFG news, Director Michael Doak purchased 24,880 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of $18.62 per share, for a total transaction of $463,265.60. Following the completion of the purchase, the director directly owned 668,398 shares of the company’s stock, valued at approximately $12,445,570.76. This represents a 3.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 160,852 shares of company stock valued at $3,034,663 over the last three months. 68.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On TWFG

A number of hedge funds have recently made changes to their positions in TWFG. Fifth Third Bancorp lifted its holdings in shares of TWFG by 102.7% during 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 period. Quadrant Capital Group LLC bought a new stake in TWFG in the fourth quarter valued at about $68,000. Quantbot Technologies LP raised its position in TWFG by 52.5% in the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in TWFG in the third quarter worth about $142,000. Finally, State of Tennessee Department of Treasury bought a new position in TWFG during the second quarter worth about $155,000.

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.