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

TWFG (NASDAQ:TWFG) posted 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 NASDAQ:TWFG traded up $1.34 during trading on Wednesday, hitting $32.00. The company’s stock had a trading volume of 86,844 shares, compared to its average volume of 160,631. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $36.50. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average price is $29.97 and its two-hundred day moving average price is $30.20.

Wall Street Analyst Weigh In

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