TWFG (NASDAQ:TWFG) Shares Down 5.6% – Here’s Why

TWFG, Inc. (NASDAQ:TWFG) traded down 5.6% on Thursday . The stock traded as low as $29.19 and last traded at $29.1850. 81,259 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 215,459 shares. The stock had previously closed at $30.90.

Wall Street Analysts Forecast Growth

TWFG has been the subject of a number of analyst reports. Wall Street Zen raised shares of TWFG from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. UBS Group increased their price target on TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. raised their price target on TWFG from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Royal Bank Of Canada lifted their price objective on TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded TWFG from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.57.

TWFG Stock Up 2.6%

The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 50.86 and a beta of 0.16. The stock’s fifty day moving average is $26.54 and its 200-day moving average is $21.81.

TWFG (NASDAQ:TWFG) last posted its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.12. TWFG had a net margin of 2.90% and a return on equity of 19.49%. The company had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million. As a group, equities research analysts predict that TWFG, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Transactions at TWFG

In other TWFG news, Director Michael Doak purchased 22,994 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average price of $18.62 per share, with a total value of $428,148.28. Following the completion of the transaction, the director directly owned 746,722 shares in the company, valued at $13,903,963.64. This trade represents a 3.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 58,359 shares of company stock valued at $1,110,058 over the last ninety days. 68.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased its position in shares of TWFG by 102.7% during the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after acquiring an additional 454 shares in the last quarter. Quadrant Capital Group LLC bought a new position in TWFG during the 4th quarter worth about $68,000. Quantbot Technologies LP raised its stake in shares of TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of TWFG in the third quarter valued at about $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of TWFG during the second quarter worth about $155,000.

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.