TWFG (NASDAQ:TWFG) Releases Earnings Results

TWFG (NASDAQ:TWFG) posted its quarterly earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02, FiscalAI reports. The firm had revenue of $79.92 million during the quarter, compared to analysts’ expectations of $79.48 million. TWFG had a return on equity of 19.49% and a net margin of 2.90%.

TWFG Stock Performance

Shares of NASDAQ TWFG traded up $0.87 during midday trading on Wednesday, hitting $29.58. 201,202 shares of the stock traded hands, compared to its average volume of 204,728. The firm has a market capitalization of $1.60 billion, a P/E ratio of 50.14 and a beta of 0.20. TWFG has a one year low of $16.56 and a one year high of $31.30. The firm has a 50-day moving average of $26.71 and a two-hundred day moving average of $23.20.

Analysts Set New Price Targets

Several research firms recently commented on TWFG. Keefe, Bruyette & Woods lifted their price objective on TWFG from $26.00 to $29.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. UBS Group upped their target price on shares of TWFG from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Zacks Research upgraded shares of TWFG from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Wall Street Zen downgraded shares of TWFG from a “buy” rating to a “hold” rating in a report on Sunday. Finally, JPMorgan Chase & Co. reduced their price target on shares of TWFG from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.29.

About TWFG

TWFG, Inc (NASDAQ: TWFG) is an independent insurance distribution company that connects individuals and businesses with insurance products from a range of carriers. Through its agency network, the company provides access to personal and commercial property and casualty coverage, as well as life, health and other insurance solutions.

The company serves customers across the United States through a combination of retail insurance agencies and wholesale distribution operations. Its services include insurance placement, consultation and support, helping clients evaluate coverage options and manage their insurance needs.