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

TWFG (NASDAQ:TWFGGet Free Report) released its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03, Zacks reports.

TWFG Trading Up 4.4 %

Shares of TWFG traded up $1.34 during mid-day trading on Wednesday, reaching $32.00. 86,844 shares of the company’s stock were exchanged, compared to its average volume of 160,631. The business’s fifty day simple moving average is $29.97 and its 200-day simple moving average is $30.20. TWFG has a 52-week low of $21.31 and a 52-week high of $36.50. 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

A number of analysts have issued reports on TWFG shares. Keefe, Bruyette & Woods lifted their price target on TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. BMO Capital Markets upped their price target on TWFG from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $33.00 price objective (up previously from $30.00) on shares of TWFG in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.14.

View Our Latest Report on TWFG

About TWFG

(Get Free Report)

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.

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