TWFG (NASDAQ:TWFG) Announces Earnings Results

TWFG (NASDAQ:TWFG) announced its earnings results on Wednesday. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04, FiscalAI reports. TWFG had a return on equity of 8.79% and a net margin of 2.87%.The business had revenue of $64.12 million for the quarter, compared to analysts’ expectations of $64.15 million. TWFG updated its FY 2025 guidance to EPS.

TWFG Stock Up 2.6%

TWFG stock opened at $27.25 on Friday. The company has a quick ratio of 105.86, a current ratio of 105.86 and a debt-to-equity ratio of 0.01. TWFG has a 52 week low of $23.52 and a 52 week high of $36.85. The stock has a market capitalization of $1.53 billion, a PE ratio of 61.93 and a beta of 0.25. The firm has a 50 day moving average of $25.91 and a 200 day moving average of $29.99.

Analyst Ratings Changes

TWFG has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on TWFG from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. UBS Group decreased their price target on shares of TWFG from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Piper Sandler cut their price objective on shares of TWFG from $38.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, August 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, October 8th. Finally, Morgan Stanley lowered their target price on shares of TWFG from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, TWFG presently has a consensus rating of “Hold” and a consensus target price of $32.50.

Hedge Funds Weigh In On TWFG

Several hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP lifted its position in TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after acquiring an additional 1,395 shares during the period. State of Tennessee Department of Treasury acquired a new stake in shares of TWFG in the second quarter worth $155,000. Russell Investments Group Ltd. acquired a new position in TWFG during the third quarter valued at $142,000. State of Wyoming boosted its holdings in TWFG by 42.0% in 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 during the last quarter. Finally, Man Group plc acquired a new stake in TWFG during the 2nd quarter worth about $223,000.

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.