TWFG (NASDAQ:TWFG) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of TWFG (NASDAQ:TWFG) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

A number of other analysts have also recently commented on TWFG. JPMorgan Chase & Co. dropped their target price on shares of TWFG from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. Piper Sandler upped their target price on shares of TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada increased their price target on shares of TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Finally, Morgan Stanley raised shares of TWFG from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $26.00 to $30.00 in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, TWFG presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.29.

TWFG Stock Performance

TWFG stock opened at $28.29 on Friday. The stock’s 50 day simple moving average is $26.75 and its two-hundred day simple moving average is $23.80. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 47.95 and a beta of 0.28. TWFG has a fifty-two week low of $16.56 and a fifty-two week high of $31.30.

TWFG (NASDAQ:TWFG) last posted its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%. The firm had revenue of $87.51 million for the quarter, compared to the consensus estimate of $77.34 million. On average, analysts predict that TWFG will post 1.10 earnings per share for the current year.

Hedge Funds Weigh In On TWFG

Hedge funds have recently bought and sold shares of the company. Argent Capital Management LLC bought a new position in shares of TWFG in the third quarter worth approximately $983,000. Integrated Wealth Concepts LLC purchased a new stake in shares of TWFG during the second quarter valued at approximately $72,000. Giverny Capital Inc. grew its holdings in shares of TWFG by 18.2% during the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock valued at $15,691,000 after buying an additional 100,345 shares during the last quarter. Blalock Williams LLC increased its position in shares of TWFG by 14.9% during the second quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock valued at $551,000 after acquiring an additional 2,978 shares in the last quarter. Finally, Symphony Financial Ltd. Co. increased its position in shares of TWFG by 153.7% during the second quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock valued at $942,000 after acquiring an additional 23,682 shares in the last quarter.

About TWFG

TWFG, Inc (NASDAQ: TWFG) is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Through its agency network, the company provides access to personal and commercial property and casualty coverage, as well as life, health and other insurance solutions.

The company serves customers across the United States through a combination of retail insurance agencies and wholesale distribution operations. Its services include insurance placement, consultation and support, helping clients evaluate coverage options and manage their insurance needs.