TWFG (NASDAQ:TWFG – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.
Other analysts have also issued research reports about the company. Weiss Ratings upgraded TWFG from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. lowered their price target on TWFG from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. Piper Sandler upped their price target on TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Morgan Stanley raised TWFG from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $26.00 to $30.00 in a research report on Wednesday, August 19th. Finally, Zacks Research downgraded TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.29.
View Our Latest Analysis on TWFG
TWFG Stock Performance
TWFG (NASDAQ:TWFG – Get Free Report) last posted 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. TWFG had a net margin of 2.90% and a return on equity of 19.49%. The firm had revenue of $87.51 million during the quarter, compared to analyst estimates of $77.34 million. On average, equities analysts predict that TWFG will post 1.09 earnings per share for the current year.
Hedge Funds Weigh In On TWFG
Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in TWFG by 20.1% during the first quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock valued at $270,000 after buying an additional 2,459 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of TWFG during the 2nd quarter worth about $72,000. Blalock Williams LLC boosted its stake in shares of TWFG by 14.9% during the 2nd quarter. Blalock Williams LLC now owns 22,911 shares of the company’s stock worth $551,000 after acquiring an additional 2,978 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of TWFG by 26.7% during the 1st quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock worth $995,000 after acquiring an additional 11,415 shares in the last quarter. Finally, Dockside LLC bought a new stake in shares of TWFG during the 4th quarter worth about $460,000.
About TWFG
TWFG, Inc is an independent insurance distribution company that operates through a network of agencies and affiliated producers. The company helps individuals and businesses obtain insurance coverage from a range of carriers rather than underwriting policies itself.
Its offerings include personal insurance products such as auto, homeowners, renters and other property and casualty coverage, as well as commercial insurance solutions for businesses. TWFG also provides access to life, health and related insurance products through its agency platform.
Founded in 2008, TWFG is headquartered in The Woodlands, Texas, and serves customers across the United States through its network of agency locations and insurance professionals.
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