TWFG (NASDAQ:TWFG) Announces Earnings Results

TWFG (NASDAQ:TWFG) posted its quarterly earnings results on Wednesday. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.12, FiscalAI reports. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The company had revenue of $87.51 million for the quarter, compared to analyst estimates of $77.34 million.

TWFG Price Performance

Shares of TWFG stock traded up $0.44 during trading on Wednesday, hitting $27.82. 322,120 shares of the company’s stock traded hands, compared to its average volume of 222,189. The company has a market cap of $1.51 billion, a PE ratio of 51.52 and a beta of 0.16. The firm’s fifty day moving average price is $23.62 and its 200 day moving average price is $21.44. TWFG has a twelve month low of $16.56 and a twelve month high of $31.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Truist Financial set a $23.00 target price on shares of TWFG in a research note on Monday, June 8th. Weiss Ratings upgraded TWFG from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 17th. UBS Group upped their price target on TWFG from $26.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price objective on TWFG from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Finally, Piper Sandler lifted their price objective on TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.86.

Insider Transactions at TWFG

In other TWFG news, Director Michael Doak purchased 24,880 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was purchased at an average price of $18.62 per share, for a total transaction of $463,265.60. Following the completion of the purchase, the director directly owned 668,398 shares in the company, valued at approximately $12,445,570.76. This trade represents a 3.87% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 160,852 shares of company stock valued at $3,034,663 over the last three months. Corporate insiders own 68.44% of the company’s stock.

Hedge Funds Weigh In On TWFG

A number of hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC boosted its stake in TWFG by 179.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock valued at $7,358,000 after buying an additional 164,355 shares in the last quarter. Victory Capital Management Inc. raised its stake in TWFG by 57.4% during the third quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock worth $9,645,000 after acquiring an additional 128,180 shares in the last quarter. Giverny Capital Inc. raised its stake in TWFG by 68.9% during the third quarter. Giverny Capital Inc. now owns 300,317 shares of the company’s stock worth $8,241,000 after acquiring an additional 122,469 shares in the last quarter. Woodline Partners LP acquired a new position in TWFG during the third quarter worth $1,592,000. Finally, Two Sigma Investments LP lifted its holdings in shares of TWFG by 39.9% during the third quarter. Two Sigma Investments LP now owns 139,192 shares of the company’s stock valued at $3,819,000 after acquiring an additional 39,663 shares during the period.

About TWFG

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.