TWFG (NASDAQ:TWFG) Issues Quarterly Earnings Results

TWFG (NASDAQ:TWFG) posted its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03, Zacks reports.

TWFG Price Performance

NASDAQ:TWFG traded up $1.34 during trading hours on Wednesday, reaching $32.00. 86,844 shares of the company were exchanged, compared to its average volume of 160,631. TWFG has a 52-week low of $21.31 and a 52-week high of $36.50. The stock has a 50 day simple moving average of $29.97 and a 200 day simple moving average of $30.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61.

Analysts Set New Price Targets

Several equities analysts have issued reports on TWFG shares. BMO Capital Markets boosted their price objective on shares of TWFG from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods boosted their price objective on shares of TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $33.00 target price (up from $30.00) on shares of TWFG in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average 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.