TWFG (NASDAQ:TWFG) Stock Crosses Below 50 Day Moving Average – Here’s Why

TWFG, Inc. (NASDAQ:TWFG)’s share price crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $26.34 and traded as low as $25.61. TWFG shares last traded at $25.79, with a volume of 128,235 shares.

Wall Street Analysts Forecast Growth

TWFG has been the subject of a number of analyst reports. UBS Group increased their price target on TWFG from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, November 10th. Piper Sandler boosted their price objective on TWFG from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of TWFG in a research report on Wednesday. JPMorgan Chase & Co. dropped their price objective on TWFG from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. Finally, Royal Bank Of Canada increased their target price on TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. One equities 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.57.

TWFG Stock Performance

The company has a market capitalization of $1.39 billion, a P/E ratio of 45.25 and a beta of 0.20. The business’s fifty day simple moving average is $26.34 and its 200-day simple moving average is $23.27.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. TWFG had a return on equity of 23.41% and a net margin of 2.57%. The firm had revenue of $79.92 million during the quarter, compared to analyst estimates of $79.48 million. As a group, analysts forecast that TWFG, Inc. will post 1.10 EPS for the current year.

Hedge Funds Weigh In On TWFG

Several institutional investors have recently added to or reduced their stakes in the company. Giverny Capital Inc. raised its holdings in shares of TWFG by 18.2% during the 2nd quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock worth $15,691,000 after acquiring an additional 100,345 shares in the last quarter. Riverbridge Partners LLC boosted its position in shares of TWFG by 4.5% during the 3rd quarter. Riverbridge Partners LLC now owns 347,619 shares of the company’s stock valued at $8,346,000 after acquiring an additional 14,961 shares during the last quarter. Ascent Group LLC grew its holdings in shares of TWFG by 0.8% in the third quarter. Ascent Group LLC now owns 214,110 shares of the company’s stock valued at $5,141,000 after purchasing an additional 1,800 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of TWFG by 201.9% in the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock valued at $2,176,000 after purchasing an additional 79,127 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of TWFG in the first quarter valued at $1,243,000.

TWFG Company Profile

TWFG, Inc. is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Its offerings include personal and commercial property and casualty insurance, as well as life and health coverage. Founded in 2001 as The Woodlands Financial Group, the company operates through a network of retail insurance agencies and independent agents. TWFG serves customers across the United States. TWFG was founded by Richard “Ricky” McKenzie, who leads the company as chairman and chief executive officer.