TWFG (NASDAQ:TWFG) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

TWFG (NASDAQ:TWFG) posted its earnings results on Tuesday. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03, reports. The firm had revenue of $54.64 million for the quarter, compared to analysts’ expectations of $52.62 million.

TWFG Stock Performance

Shares of TWFG stock opened at $31.61 on Thursday. The firm’s fifty day simple moving average is $29.47. The company has a current ratio of 33.76, a quick ratio of 33.75 and a debt-to-equity ratio of 0.68. TWFG has a 12 month low of $21.31 and a 12 month high of $36.50.

Analyst Ratings Changes

A number of research analysts have commented on the company. Morgan Stanley started coverage on TWFG in a research report on Monday, August 12th. They set an “equal weight” rating and a $23.00 price target for the company. Piper Sandler upped their target price on TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a report on Monday. William Blair assumed coverage on shares of TWFG in a report on Wednesday, August 21st. They issued an “outperform” rating on the stock. DOWLING & PARTN upgraded shares of TWFG to a “hold” rating in a report on Wednesday, September 11th. Finally, UBS Group began coverage on shares of TWFG in a research report on Monday, August 12th. They issued a “buy” rating and a $29.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.29.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in TWFG in the third quarter worth about $93,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of TWFG in the 3rd quarter worth approximately $133,000. Symphony Financial Ltd. Co. purchased a new stake in shares of TWFG in the 3rd quarter worth approximately $310,000. Seven Grand Managers LLC purchased a new stake in shares of TWFG in the 3rd quarter worth approximately $814,000. Finally, Royce & Associates LP bought a new position in TWFG during the 3rd quarter valued at approximately $1,546,000.

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.