TWFG (NASDAQ:TWFG) Stock Rating Upgraded by DOWLING & PARTN

DOWLING & PARTN upgraded shares of TWFG (NASDAQ:TWFG) to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

A number of other equities analysts have also recently weighed in on the stock. Morgan Stanley started coverage on shares of TWFG in a research report on Monday, August 12th. They set an equal weight rating and a $23.00 price target on the stock. BMO Capital Markets reissued an outperform rating and set a $30.00 price target on shares of TWFG in a research report on Wednesday, August 28th. UBS Group started coverage on shares of TWFG in a research report on Monday, August 12th. They set a buy rating and a $29.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of TWFG from $29.00 to $30.00 and gave the stock an outperform rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of TWFG from $26.50 to $28.00 and gave the stock an overweight rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, TWFG presently has an average rating of Moderate Buy and a consensus price target of $27.86.

TWFG Stock Down 0.2 %

Shares of TWFG stock traded down $0.06 during trading on Wednesday, reaching $28.13. 4,548 shares of the company were exchanged, compared to its average volume of 195,217. TWFG has a twelve month low of $21.31 and a twelve month high of $31.91.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 earnings per share for the quarter, topping the consensus estimate of $3.74 by $11.15. The firm had revenue of $53.27 million for the quarter, compared to the consensus estimate of $51.86 million. As a group, equities research analysts expect that TWFG will post 0.49 EPS for the current fiscal year.

Insider Activity at TWFG

In other TWFG news, CEO Richard F. Bunch III purchased 17,550 shares of the business’s stock in a transaction on Friday, July 19th. The shares were purchased at an average cost of $17.00 per share, with a total value of $298,350.00. Following the transaction, the chief executive officer now directly owns 695,925 shares of the company’s stock, valued at approximately $11,830,725. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Janice E. Zwinggi acquired 3,000 shares of the stock in a transaction dated Friday, July 19th. The shares were bought at an average cost of $17.00 per share, for a total transaction of $51,000.00. Following the purchase, the chief financial officer now directly owns 61,823 shares of the company’s stock, valued at $1,050,991. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard F. Bunch III acquired 17,550 shares of the stock in a transaction dated Friday, July 19th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $298,350.00. Following the completion of the purchase, the chief executive officer now directly owns 695,925 shares in the company, valued at $11,830,725. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 30,300 shares of company stock valued at $515,100.

TWFG Company Profile

We are a leading, high-growth, independent distribution platform for personal and commercial insurance in the United States. We are pioneers in the insurance industry, developing an agency model built on innovation and experience with what we believe is a more flexible approach than traditional distribution models.