Keefe, Bruyette & Woods Issues Positive Forecast for TWFG (NASDAQ:TWFG) Stock Price

TWFG (NASDAQ:TWFG) had its target price lifted by analysts at Keefe, Bruyette & Woods from $23.00 to $26.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential downside of 1.55% from the company’s current price.

Other research analysts have also issued reports about the stock. Morgan Stanley increased their price objective on shares of TWFG from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Monday. Piper Sandler cut their target price on TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. Truist Financial set a $23.00 target price on shares of TWFG in a report on Monday, June 8th. Finally, JPMorgan Chase & Co. lowered their price target on TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.86.

TWFG Trading Up 1.5%

Shares of TWFG traded up $0.39 on Wednesday, hitting $26.41. 13,926 shares of the stock traded hands, compared to its average volume of 233,415. TWFG has a 1 year low of $16.56 and a 1 year high of $34.75. The stock’s 50 day moving average is $20.56 and its two-hundred day moving average is $21.69. The firm has a market capitalization of $1.43 billion, a P/E ratio of 48.85 and a beta of 0.21. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG) last released its earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.20 by $0.09. The firm had revenue of $72.84 million during the quarter, compared to analysts’ expectations of $67.67 million. TWFG had a net margin of 3.04% and a return on equity of 15.96%. As a group, sell-side analysts predict that TWFG will post 0.97 earnings per share for the current year.

Insider Activity

In related news, Director Michael Doak purchased 24,880 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of $18.62 per share, with a total value of $463,265.60. Following the acquisition, the director owned 668,398 shares in the company, valued at approximately $12,445,570.76. This trade represents a 3.87% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have bought 160,852 shares of company stock valued at $3,034,663. Company insiders own 68.44% of the company’s stock.

Hedge Funds Weigh In On TWFG

Several hedge funds have recently modified their holdings of the company. Capital International Investors lifted its holdings in TWFG by 114.4% in the 4th quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after acquiring an additional 511,469 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of TWFG by 179.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock valued at $7,358,000 after acquiring an additional 164,355 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of 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 acquiring an additional 128,180 shares in the last quarter. Giverny Capital Inc. boosted its stake in shares of TWFG by 68.9% during the 3rd quarter. Giverny Capital Inc. now owns 300,317 shares of the company’s stock worth $8,241,000 after acquiring an additional 122,469 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of TWFG by 201.9% in the 1st 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.

About TWFG

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.