TWFG (NASDAQ:TWFG) Posts Earnings Results

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

TWFG Stock Up 3.0%

NASDAQ:TWFG traded up $0.87 during mid-day trading on Wednesday, hitting $29.58. 201,202 shares of the company traded hands, compared to its average volume of 204,728. The stock’s fifty day moving average price is $26.71 and its 200-day moving average price is $23.20. TWFG has a one year low of $16.56 and a one year high of $31.30. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 50.14 and a beta of 0.20.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TWFG shares. Wall Street Zen cut shares of TWFG from a “buy” rating to a “hold” rating in a research note on Sunday. Keefe, Bruyette & Woods boosted their target price on shares of TWFG from $26.00 to $29.00 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada upped their target price on shares of TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 7th. UBS Group increased their price target on shares of TWFG from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Zacks Research upgraded shares of TWFG from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, TWFG presently 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.