UBS Group Has Lowered Expectations for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its price objective dropped by investment analysts at UBS Group from $34.00 to $31.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 59.71% from the company’s current price.

A number of other research firms have also issued reports on TWFG. Keefe, Bruyette & Woods reduced their target price on TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a research note on Tuesday. Wall Street Zen raised TWFG from a “hold” rating to a “buy” rating in a research note on Monday. Morgan Stanley reduced their target price on TWFG from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Finally, Zacks Research raised TWFG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, TWFG has an average rating of “Hold” and a consensus target price of $27.67.

TWFG Price Performance

Shares of NASDAQ:TWFG traded up $0.50 during trading on Wednesday, hitting $19.41. 318,128 shares of the stock were exchanged, compared to its average volume of 223,191. The company has a fifty day moving average price of $20.09 and a two-hundred day moving average price of $24.64. The company has a market cap of $1.09 billion, a PE ratio of 38.06 and a beta of 0.57. 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 has a 12-month low of $16.56 and a 12-month high of $36.85.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. The business 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%. On average, analysts forecast that TWFG will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TWFG. Fifth Third Bancorp raised its holdings in TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after acquiring an additional 454 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in TWFG in the 4th quarter valued at $68,000. Quantbot Technologies LP raised its holdings in 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 acquiring an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in TWFG in the 3rd quarter valued at $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in TWFG in the 2nd quarter valued at $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.