TWFG (NASDAQ:TWFG) Upgraded to "Hold" at DOWLING & PARTN

DOWLING & PARTN upgraded shares of TWFG (NASDAQ:TWFG - Free Report) to a hold rating in a research note published on Wednesday, Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of TWFG from $26.50 to $28.00 and gave the stock an overweight rating in a report on Friday, August 30th. Royal Bank of Canada increased their price objective on shares of TWFG from $29.00 to $30.00 and gave the stock an outperform rating in a research note on Thursday, August 29th. 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 target price on the stock. Piper Sandler assumed coverage on TWFG in a research note on Monday, August 12th. They issued an overweight rating and a $27.00 price target for the company. Finally, William Blair assumed coverage on TWFG in a research report on Wednesday, August 21st. They issued an outperform rating on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, TWFG has an average rating of Moderate Buy and a consensus price target of $27.86.

TWFG Stock Performance

Shares of TWFG stock traded down $0.01 on Wednesday, reaching $28.18. The stock had a trading volume of 72,176 shares, compared to its average volume of 196,951. TWFG has a 1 year low of $21.31 and a 1 year high of $31.91.

TWFG (NASDAQ:TWFG - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The company reported $14.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. On average, sell-side analysts expect that TWFG will post 0.49 EPS for the current year.

Insider Transactions at TWFG

In other news, CEO Richard F. Bunch III purchased 17,550 shares of the company's stock in a transaction that occurred on Friday, July 19th. The stock was bought at an average cost of $17.00 per share, with a total value of $298,350.00. Following the completion of the purchase, the chief executive officer now owns 695,925 shares in the company, valued at $11,830,725. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TWFG news, Director Janet S. Wong bought 2,500 shares of the firm's stock in a transaction dated Friday, July 19th. The shares were purchased at an average cost of $17.00 per share, for a total transaction of $42,500.00. Following the transaction, the director now owns 6,029 shares of the company's stock, valued at $102,493. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard F. Bunch III purchased 17,550 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was acquired at an average cost of $17.00 per share, with a total value of $298,350.00. Following the acquisition, the chief executive officer now owns 695,925 shares in the company, valued at approximately $11,830,725. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 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.