TWFG (NASDAQ:TWFG) Issues Earnings Results

TWFG (NASDAQ:TWFG) issued its quarterly earnings results on Wednesday. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04, FiscalAI reports. The firm had revenue of $64.12 million during the quarter, compared to analyst estimates of $64.15 million. TWFG had a return on equity of 7.82% and a net margin of 2.74%. TWFG updated its FY 2025 guidance to EPS.

TWFG Trading Up 2.0%

TWFG opened at $26.55 on Thursday. TWFG has a one year low of $23.52 and a one year high of $36.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 105.86 and a quick ratio of 105.86. The business has a 50 day simple moving average of $25.90 and a two-hundred day simple moving average of $30.01. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 64.76 and a beta of 0.25.

Hedge Funds Weigh In On TWFG

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in TWFG by 57.4% during the 3rd quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock valued at $9,645,000 after purchasing an additional 128,180 shares during the period. Vanguard Group Inc. raised its position in shares of TWFG by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 639,711 shares of the company’s stock worth $17,554,000 after acquiring an additional 19,720 shares in the last quarter. State of Wyoming boosted its position in shares of TWFG by 42.0% during the second quarter. State of Wyoming now owns 5,188 shares of the company’s stock valued at $182,000 after purchasing an additional 1,535 shares in the last quarter. State of Tennessee Department of Treasury purchased a new stake in TWFG in the second quarter worth $155,000. Finally, Man Group plc bought a new position in TWFG in the second quarter worth $223,000.

Wall Street Analyst Weigh In

Several research analysts have commented on TWFG shares. UBS Group decreased their price target on shares of TWFG from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of TWFG from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Morgan Stanley decreased their target price on shares of TWFG from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Piper Sandler lowered their price target on shares of TWFG from $38.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, August 14th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $33.29.

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.