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

TWFG, Inc. (NASDAQ:TWFG)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $27.64, but opened at $26.41. TWFG shares last traded at $26.72, with a volume of 5,087 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TWFG shares. Morgan Stanley lifted their price target on TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Royal Bank Of Canada began coverage on TWFG in a research report on Monday, November 24th. They set an “outperform” rating and a $33.00 price objective on the stock. UBS Group reduced their target price on shares of TWFG from $42.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.86.

TWFG Stock Down 1.9%

The company has a 50-day moving average of $27.88 and a 200-day moving average of $28.13. The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 59.38 and a beta of 0.11.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. TWFG had a return on equity of 8.74% and a net margin of 2.87%.The business had revenue of $64.12 million for the quarter, compared to analyst estimates of $64.15 million. On average, equities analysts predict that TWFG, Inc. will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of TWFG

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Central Securities Corp acquired a new position in shares of TWFG in the third quarter valued at about $12,348,000. Riverbridge Partners LLC purchased a new stake in TWFG in the second quarter valued at approximately $12,049,000. Giverny Capital Inc. acquired a new position in TWFG in the 2nd quarter worth approximately $6,225,000. Victory Capital Management Inc. raised its position in TWFG by 57.4% during the 3rd quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock worth $9,645,000 after buying an additional 128,180 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC acquired a new stake in TWFG during the 2nd quarter valued at approximately $2,809,000.

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.