TWFG (NASDAQ:TWFG) Stock Dropped to “Hold” by Wall Street Zen

Wall Street Zen cut shares of TWFG (NASDAQ:TWFG) from a buy rating to a hold rating in a report published on Sunday morning,Wall Street Zen reports.

Several other research firms have also commented on TWFG. UBS Group lifted their price target on TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded TWFG from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Piper Sandler lifted their target price on shares of TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada raised their price target on TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of TWFG from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TWFG presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.29.

TWFG Price Performance

NASDAQ:TWFG opened at $26.96 on Friday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 45.69 and a beta of 0.19. TWFG has a 12 month low of $16.56 and a 12 month high of $31.30. The company’s 50 day moving average is $26.75 and its 200-day moving average is $23.18.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The business had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. Research analysts predict that TWFG will post 1.10 EPS for the current fiscal year.

Hedge Funds Weigh In On TWFG

Institutional investors have recently modified their holdings of the company. Giverny Capital Inc. increased its holdings in TWFG by 18.2% during the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock worth $15,691,000 after buying an additional 100,345 shares during the last quarter. Renaissance Technologies LLC lifted its stake in TWFG by 201.9% during the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock valued at $2,176,000 after acquiring an additional 79,127 shares during the period. Argent Capital Management LLC purchased a new position in TWFG during the 3rd quarter valued at approximately $983,000. Dimensional Fund Advisors LP purchased a new stake in TWFG during the first quarter worth $1,243,000. Finally, Symphony Financial Ltd. Co. grew its position in 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 buying an additional 23,682 shares during the period.

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.