TWFG (NASDAQ:TWFG) Shares Up 5.7% on Better-Than-Expected Earnings

TWFG, Inc. (NASDAQ:TWFG)’s stock price rose 5.7% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $28.00 and last traded at $28.07. Approximately 10,440 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 106,081 shares. The stock had previously closed at $26.55.

The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. TWFG had a net margin of 2.74% and a return on equity of 7.82%. The firm had revenue of $64.12 million during the quarter, compared to the consensus estimate of $64.15 million. TWFG has set its FY 2025 guidance at EPS.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group cut their price target on TWFG from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on shares of TWFG from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Morgan Stanley dropped their price target on shares of TWFG from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Finally, Piper Sandler dropped 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. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, TWFG currently has an average rating of “Hold” and an average price target of $33.29.

Institutional Investors Weigh In On TWFG

A number of hedge funds and other institutional investors have recently bought and sold shares of TWFG. Victory Capital Management Inc. bought a new stake in TWFG during the 1st quarter worth approximately $6,784,000. TD Asset Management Inc lifted its holdings in TWFG by 25.2% during the 1st quarter. TD Asset Management Inc now owns 52,942 shares of the company’s stock worth $1,636,000 after purchasing an additional 10,666 shares during the last quarter. Blair William & Co. IL bought a new stake in TWFG in the 1st quarter valued at about $969,000. Vanguard Group Inc. lifted its position in TWFG by 0.7% during the first quarter. Vanguard Group Inc. now owns 621,151 shares of the company’s stock worth $19,200,000 after purchasing an additional 4,252 shares during the period. Finally, Nuveen LLC acquired a new position in TWFG during the 1st quarter worth approximately $15,501,000.

TWFG Stock Up 4.7%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 105.86 and a current ratio of 105.86. The stock has a market capitalization of $1.56 billion, a P/E ratio of 67.77 and a beta of 0.25. The stock’s fifty day simple moving average is $25.90 and its two-hundred day simple moving average is $30.01.

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.