TWFG (NASDAQ:TWFG) Shares Down 4.9% – Here’s What Happened

TWFG, Inc. (NASDAQ:TWFG) shares fell 4.9% on Tuesday. The company traded as low as $27.50 and last traded at $27.6150. 16,348 shares were traded during mid-day trading, a decline of 92% from the average session volume of 202,489 shares. The stock had previously closed at $29.03.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TWFG. Morgan Stanley raised shares of TWFG from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $26.00 to $30.00 in a research report on Wednesday, August 19th. Zacks Research upgraded TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. UBS Group upped their price objective on shares of TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. reduced their target price on TWFG from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. Finally, Wall Street Zen raised TWFG from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.29.

TWFG Stock Performance

The firm has a fifty day simple moving average of $26.78 and a 200 day simple moving average of $23.19. The company has a market cap of $1.47 billion, a PE ratio of 46.24 and a beta of 0.28.

TWFG (NASDAQ:TWFG) last posted its quarterly 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. The company had revenue of $87.51 million for the quarter, compared to the consensus estimate of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. As a group, equities analysts predict that TWFG, Inc. will post 1.10 EPS for the current fiscal year.

Institutional Investors Weigh In On TWFG

Institutional investors and hedge funds have recently modified their holdings of the stock. Giverny Capital Inc. grew its holdings in TWFG by 18.2% during the 2nd quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock valued at $15,691,000 after purchasing an additional 100,345 shares in the last quarter. Renaissance Technologies LLC raised its stake in TWFG by 201.9% during the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock valued at $2,176,000 after buying an additional 79,127 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of TWFG during the 1st quarter valued at approximately $1,243,000. Bank of America Corp DE raised its holdings in shares of TWFG by 26.7% during the first quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock worth $995,000 after purchasing an additional 11,415 shares during the period. Finally, Argent Capital Management LLC bought a new position in TWFG in the third quarter worth about $983,000.

TWFG Company Profile

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.