TWFG (NASDAQ:TWFG) Releases Earnings Results

TWFG (NASDAQ:TWFG) posted its quarterly earnings results on Wednesday. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12, FiscalAI reports. The firm had revenue of $87.51 million for the quarter, compared to analysts’ expectations of $77.34 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%.

TWFG Stock Up 1.6%

NASDAQ:TWFG traded up $0.44 on Wednesday, hitting $27.82. The stock had a trading volume of 322,120 shares, compared to its average volume of 222,189. TWFG has a 1 year low of $16.56 and a 1 year high of $31.07. The firm’s fifty day simple moving average is $23.62 and its two-hundred day simple moving average is $21.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71. The stock has a market cap of $1.51 billion, a P/E ratio of 51.52 and a beta of 0.16.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Zacks Research upgraded shares of TWFG from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. JPMorgan Chase & Co. increased their price objective on shares of TWFG from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods raised their target price on TWFG from $23.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday, July 8th. Morgan Stanley boosted their target price on TWFG from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Finally, Truist Financial set a $23.00 price target on TWFG in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.86.

Insider Buying and Selling at TWFG

In other TWFG news, Director Michael Doak purchased 24,880 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average cost of $18.62 per share, with a total value of $463,265.60. Following the completion of the transaction, the director owned 668,398 shares of the company’s stock, valued at $12,445,570.76. The trade was a 3.87% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders purchased 160,852 shares of company stock valued at $3,034,663. 68.44% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TWFG. Lord Abbett & CO. LLC increased its position in shares of TWFG by 179.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock valued at $7,358,000 after purchasing an additional 164,355 shares during the last quarter. Victory Capital Management Inc. grew its position in TWFG by 57.4% during the third quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock valued at $9,645,000 after buying an additional 128,180 shares during the period. Giverny Capital Inc. grew its position in TWFG by 68.9% during the third quarter. Giverny Capital Inc. now owns 300,317 shares of the company’s stock valued at $8,241,000 after buying an additional 122,469 shares during the period. Woodline Partners LP purchased a new stake in TWFG during the third quarter worth about $1,592,000. Finally, Two Sigma Investments LP increased its holdings in TWFG by 39.9% during the third quarter. Two Sigma Investments LP now owns 139,192 shares of the company’s stock worth $3,819,000 after buying an additional 39,663 shares during the last quarter.

TWFG Company Profile

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.