TWFG (NASDAQ:TWFG) Announces Earnings Results

TWFG (NASDAQ:TWFG) released its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03, Zacks reports. The company had revenue of $51.74 million for the quarter, compared to the consensus estimate of $49.95 million.

TWFG Stock Performance

Shares of NASDAQ TWFG opened at $30.69 on Thursday. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. TWFG has a 12-month low of $21.31 and a 12-month high of $36.50. The stock’s fifty day simple moving average is $30.07 and its two-hundred day simple moving average is $30.21.

Analyst Upgrades and Downgrades

TWFG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. BMO Capital Markets raised their price target on TWFG from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $33.00 price objective (up previously from $30.00) on shares of TWFG in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.14.

TWFG Company Profile

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.