TWFG (NASDAQ:TWFG) Stock Price Down 3.5% – What’s Next?

Shares of TWFG, Inc. (NASDAQ:TWFG) traded down 3.5% during trading on Tuesday . The company traded as low as $25.07 and last traded at $24.8250. 5,084 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 210,137 shares. The stock had previously closed at $25.72.

Analyst Ratings Changes

Several research analysts have recently weighed in on TWFG shares. Royal Bank Of Canada boosted their price objective on shares of TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Zacks Research cut TWFG from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Weiss Ratings raised TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. UBS Group upped their price objective on TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Piper Sandler raised their price objective on TWFG from $22.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.57.

TWFG Stock Down 5.2%

The business has a fifty day moving average price of $27.68 and a 200-day moving average price of $22.81. The company has a market cap of $1.32 billion, a P/E ratio of 41.35 and a beta of 0.18.

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

Institutional Investors Weigh In On TWFG

Several institutional investors have recently made changes to their positions in TWFG. Renaissance Technologies LLC increased its stake in TWFG by 201.9% during 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 period. Dimensional Fund Advisors LP acquired a new stake in shares of TWFG during the 1st quarter worth $1,243,000. Capital International Investors grew its holdings in shares of TWFG by 114.4% during the 4th quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after purchasing an additional 511,469 shares in the last quarter. Giverny Capital Inc. increased its position in shares of TWFG by 18.2% in the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company’s stock worth $15,691,000 after purchasing an additional 100,345 shares during the period. Finally, Symphony Financial Ltd. Co. increased its position in shares of TWFG by 153.7% in the second quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company’s stock worth $942,000 after purchasing an additional 23,682 shares during the period.

About TWFG

TWFG, Inc is an independent insurance distribution company that operates through a network of retail insurance agencies, affiliated agents and franchise locations. The company helps individuals and businesses obtain coverage from a range of insurance carriers rather than underwriting policies itself.

Its offerings include personal insurance products such as homeowners, automobile, renters and other property and casualty coverage. TWFG also provides commercial insurance solutions for businesses, as well as access to life, health and related insurance products.