TWFG (NASDAQ:TWFG) Issues Quarterly Earnings Results

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

TWFG Trading Up 2.0%

Shares of NASDAQ TWFG traded up $0.52 during midday trading on Wednesday, reaching $26.55. The stock had a trading volume of 100,532 shares, compared to its average volume of 106,567. The company’s 50 day moving average price is $25.90 and its 200 day moving average price is $30.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 105.86 and a current ratio of 105.86. TWFG has a twelve month low of $23.52 and a twelve month high of $36.85. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 64.76 and a beta of 0.25.

Institutional Trading of TWFG

A number of large investors have recently bought and sold shares of TWFG. Quantbot Technologies LP lifted its stake in shares of TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares during the period. Jane Street Group LLC acquired a new position in TWFG in the second quarter valued at approximately $1,219,000. Bank of America Corp DE boosted its holdings in shares of TWFG by 287.2% during the 2nd quarter. Bank of America Corp DE now owns 50,618 shares of the company’s stock worth $1,772,000 after buying an additional 37,546 shares in the last quarter. Bamco Inc. NY grew its position in shares of TWFG by 3.9% during the 2nd quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock worth $31,572,000 after buying an additional 34,237 shares during the period. Finally, Boothbay Fund Management LLC grew its position in shares of TWFG by 225.5% during the 2nd quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company’s stock worth $1,447,000 after buying an additional 28,634 shares during the period.

Analyst Upgrades and Downgrades

TWFG has been the topic of several recent research reports. JPMorgan Chase & Co. lowered 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. UBS Group decreased their price objective 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. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, October 8th. Piper Sandler reduced their target price on TWFG from $38.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, August 14th. Finally, Morgan Stanley lowered their price target on TWFG from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.