TWFG (NASDAQ:TWFG – Get Free Report) had its price objective lifted by research analysts at Keefe, Bruyette & Woods from $23.00 to $26.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential downside of 1.55% from the company’s current price.
Several other brokerages have also commented on TWFG. Truist Financial set a $23.00 price objective on TWFG in a report on Monday, June 8th. Morgan Stanley raised their price target on shares of TWFG from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Monday. Piper Sandler dropped their target price on TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, May 8th. JPMorgan Chase & Co. reduced their price target on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, Wall Street Zen downgraded shares of TWFG from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TWFG currently has a consensus rating of “Moderate Buy” and an average price target of $25.86.
Get Our Latest Stock Analysis on TWFG
TWFG Stock Up 1.5%
TWFG (NASDAQ:TWFG – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The company had revenue of $72.84 million during the quarter, compared to analysts’ expectations of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. As a group, equities research analysts expect that TWFG will post 0.97 EPS for the current fiscal year.
Insider Buying and Selling at TWFG
In other TWFG news, Director Michael Doak acquired 7,865 shares of the company’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $19.45 per share, for a total transaction of $152,974.25. Following the completion of the purchase, the director owned 765,587 shares in the company, valued at $14,890,667.15. This trade represents a 1.04% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased 160,852 shares of company stock valued at $3,034,663 over the last three months. 68.44% of the stock is currently owned by corporate insiders.
Institutional Trading of TWFG
A number of institutional investors have recently modified their holdings of TWFG. Capital International Investors increased its stake in shares of TWFG by 114.4% during the 4th quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after purchasing an additional 511,469 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in TWFG by 179.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock valued at $7,358,000 after buying an additional 164,355 shares in the last quarter. Victory Capital Management Inc. grew its holdings in TWFG by 57.4% during the 3rd quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock valued at $9,645,000 after buying an additional 128,180 shares during the last quarter. Giverny Capital Inc. increased its position in TWFG by 68.9% during the third quarter. Giverny Capital Inc. now owns 300,317 shares of the company’s stock worth $8,241,000 after buying an additional 122,469 shares in the last quarter. Finally, Renaissance Technologies LLC raised 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 worth $2,176,000 after acquiring an additional 79,127 shares during the last quarter.
TWFG Company Profile
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.
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