Weakness Seen in Tower Group International (TWGP): Stock Tanks 11.1%

Zacks

Tower Group International, Ltd. (TWGP) saw a big move last session, as the company’s shares fell more than 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for TWGP, as the stock is now down more than 13.5% in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. There has been no estimate revision on either side and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

TWGP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the financial sector include AmTrust Financial Services, Inc. (AFSI), Endurance Specialty Holdings Ltd. (ENH) and Hallmark Financial Services Inc. (HALL). All these stocks hold a Zacks Rank #1 (Strong Buy).

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TOWER GROUP INTERNATIONAL LTD (TWGP): Free Stock Analysis Report

AMTRUST FINANCIAL SERVICES INC (AFSI): Free Stock Analysis Report

ENDURANCE SPECIALTY HOLDINGS LTD (ENH): Free Stock Analysis Report

HALLMARK FINANCIAL SERVICES INC (HALL): Free Stock Analysis Report


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