TWFG (NASDAQ:TWFG) Issues Earnings Results

TWFG (NASDAQ:TWFG) released its quarterly earnings results on Tuesday. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03, reports. The business had revenue of $54.64 million during the quarter, compared to the consensus estimate of $52.62 million.

TWFG Price Performance

Shares of NASDAQ:TWFG traded down $0.03 during midday trading on Friday, reaching $30.84. 7,445 shares of the company were exchanged, compared to its average volume of 155,628. The company’s fifty day moving average is $29.50. TWFG has a one year low of $21.31 and a one year high of $36.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 33.75 and a current ratio of 33.76.

Analyst Ratings Changes

Several research firms have issued reports on TWFG. UBS Group began coverage on TWFG in a report on Monday, August 12th. They set a “buy” rating and a $29.00 price target for the company. Piper Sandler boosted their price objective on TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday. BMO Capital Markets reissued an “outperform” rating and issued a $30.00 target price on shares of TWFG in a report on Wednesday, August 28th. William Blair started coverage on shares of TWFG in a report on Wednesday, August 21st. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. upped 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.43.

Institutional Trading of TWFG

Several hedge funds have recently bought and sold shares of TWFG. Quantbot Technologies LP bought a new stake in shares of TWFG in the third quarter worth about $93,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of TWFG during the 3rd quarter worth approximately $133,000. Symphony Financial Ltd. Co. bought a new position in shares of TWFG during the 3rd quarter valued at approximately $310,000. Seven Grand Managers LLC purchased a new position in shares of TWFG in the third quarter valued at $814,000. Finally, Royce & Associates LP purchased a new stake in TWFG during the third quarter valued at $1,546,000.

About TWFG

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers’ compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.