TWFG (NASDAQ:TWFG) Stock Falls 4.9% – Here’s Why

TWFG, Inc. (NASDAQ:TWFG) was down 4.9% on Tuesday. The company traded as low as $27.50 and last traded at $27.6150. 16,348 shares changed hands during trading, a decline of 92% from the average session volume of 202,489 shares. The stock had previously closed at $29.03.

Analysts Set New Price Targets

TWFG has been the topic of a number of recent research reports. Zacks Research upgraded TWFG from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Wall Street Zen raised TWFG from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group lifted their price target on TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Keefe, Bruyette & Woods boosted their price target on TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Finally, Piper Sandler upped their price objective on TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.29.

TWFG Price Performance

The business’s fifty day simple moving average is $26.70 and its two-hundred day simple moving average is $23.19. The company has a market cap of $1.45 billion, a PE ratio of 45.35 and a beta of 0.28.

TWFG (NASDAQ:TWFG) last posted its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) 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 business had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million. As a group, analysts predict that TWFG, Inc. will post 1.10 EPS 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 grew its holdings in TWFG by 20.1% in the first quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock valued at $270,000 after purchasing an additional 2,459 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of TWFG in the second quarter valued at approximately $72,000. Blalock Williams LLC raised 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 buying an additional 2,978 shares during the period. Bank of America Corp DE raised 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 buying an additional 11,415 shares during the period. Finally, Symphony Financial Ltd. Co. raised its stake in shares of TWFG by 153.7% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock worth $942,000 after buying an additional 23,682 shares during the period.

About TWFG

TWFG, Inc (NASDAQ: TWFG) is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Through its agency network, the company provides access to personal and commercial property and casualty coverage, as well as life, health and other insurance solutions.

The company serves customers across the United States through a combination of retail insurance agencies and wholesale distribution operations. Its services include insurance placement, consultation and support, helping clients evaluate coverage options and manage their insurance needs.