TWFG (NASDAQ:TWFG) Raised to “Hold” at DOWLING & PARTN

TWFG (NASDAQ:TWFG) was upgraded by analysts at DOWLING & PARTN to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

Other equities analysts also recently issued reports about the stock. UBS Group started coverage on shares of TWFG in a research note on Monday, August 12th. They set a “buy” rating and a $29.00 price objective for the company. Keefe, Bruyette & Woods increased their price objective on TWFG from $27.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. boosted their target price on TWFG from $26.50 to $28.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. William Blair began coverage on TWFG in a research note on Wednesday, August 21st. They issued an “outperform” rating for the company. Finally, 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 on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, TWFG presently has an average rating of “Moderate Buy” and a consensus target price of $27.86.

TWFG Stock Up 0.2 %

Shares of TWFG stock opened at $28.24 on Wednesday. TWFG has a one year low of $21.31 and a one year high of $31.91.

TWFG (NASDAQ:TWFG) last issued its earnings results on Tuesday, August 27th. The company reported $14.89 EPS for the quarter, topping the consensus estimate of $3.74 by $11.15. The firm had revenue of $53.27 million during the quarter, compared to analysts’ expectations of $51.86 million. Analysts anticipate that TWFG will post 0.49 earnings per share for the current fiscal year.

Insider Activity at TWFG

In other TWFG news, CEO Richard F. Bunch III bought 17,550 shares of TWFG stock in a transaction dated 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 $11,830,725. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Janet S. Wong bought 2,500 shares of the company’s stock in a transaction on Friday, July 19th. The shares were acquired at an average cost of $17.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the director now owns 6,029 shares of the company’s stock, valued at approximately $102,493. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard F. Bunch III purchased 17,550 shares of TWFG stock in a transaction dated Friday, July 19th. The shares were bought at an average price of $17.00 per share, with a total value of $298,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 695,925 shares of the company’s stock, valued at $11,830,725. The disclosure for this purchase can be found here. Insiders have bought 30,300 shares of company stock worth $515,100 over the last ninety days.

About TWFG

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.