TWFG, Inc. (NASDAQ:TWFG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of TWFG, Inc. (NASDAQ:TWFG) have received an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $27.86.

TWFG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of TWFG from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. UBS Group initiated coverage on shares of TWFG in a report on Monday, August 12th. They issued a “buy” rating and a $29.00 price target for the company. Morgan Stanley initiated coverage on shares of TWFG in a report on Monday, August 12th. They issued an “equal weight” rating and a $23.00 price target for the company. Piper Sandler assumed coverage on shares of TWFG in a report on Monday, August 12th. They issued an “overweight” rating and a $27.00 price target for the company. Finally, Royal Bank of Canada boosted their price objective on TWFG from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th.

Insiders Place Their Bets

In other TWFG news, CEO Richard F. Bunch III bought 17,550 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were bought at an average price of $17.00 per share, for a total transaction of $298,350.00. Following the acquisition, the chief executive officer now directly owns 695,925 shares of the company’s stock, valued at approximately $11,830,725. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other TWFG news, CEO Richard F. Bunch III bought 17,550 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were bought at an average price of $17.00 per share, for a total transaction of $298,350.00. Following the acquisition, the chief executive officer now directly owns 695,925 shares of the company’s stock, valued at approximately $11,830,725. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Janice E. Zwinggi bought 3,000 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was acquired at an average price of $17.00 per share, for a total transaction of $51,000.00. Following the acquisition, the chief financial officer now directly owns 61,823 shares in the company, valued at $1,050,991. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 30,300 shares of company stock worth $515,100.

TWFG Stock Down 0.3 %

TWFG stock opened at $27.24 on Tuesday. The business has a 50-day moving average of $26.59. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $31.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 33.76 and a quick ratio of 33.75.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $14.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $11.15. The business had revenue of $53.27 million during the quarter, compared to analyst estimates of $51.86 million. On average, equities research analysts predict that TWFG will post 0.49 EPS for the current year.

About TWFG

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers’ compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.