TWFG (NASDAQ:TWFG) Announces Quarterly Earnings Results

Key Points

• TWFG reported earnings per share (EPS) of $0.17 for the quarter, falling short of analysts' expectations of $0.18 by $0.01.
• The stock price of TWFG traded down to $26.76 after the earnings announcement, with a market capitalization of $1.50 billion.
• Analysts have a mixed outlook on TWFG, with an average rating of "Moderate Buy" and a target price of $35.57, reflecting four hold ratings and five buy ratings from research reports.

TWFG (NASDAQ:TWFG - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01), Zacks reports. TWFG had a return on equity of 7.82% and a net margin of 2.74%. The business had revenue of $60.31 million during the quarter, compared to analysts' expectations of $63.24 million. TWFG updated its FY 2025 guidance to EPS.

TWFG Trading Up 1.7%

NASDAQ:TWFG traded up $0.48 during midday trading on Friday, hitting $28.49. The stock had a trading volume of 289,141 shares, compared to its average volume of 139,030. The company has a quick ratio of 105.86, a current ratio of 105.86 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.60 billion and a price-to-earnings ratio of 69.49. The stock has a 50-day moving average of $32.48 and a 200 day moving average of $31.93. TWFG has a one year low of $24.08 and a one year high of $36.85.

Institutional Trading of TWFG

A number of institutional investors have recently made changes to their positions in the business. Bamco Inc. NY raised its stake in shares of TWFG by 3.9% during the 2nd quarter. Bamco Inc. NY now owns 902,061 shares of the company's stock valued at $31,572,000 after buying an additional 34,237 shares during the last quarter. Bank of America Corp DE boosted its holdings in TWFG by 287.2% in 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 during the last quarter. Boothbay Fund Management LLC boosted its holdings 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 purchasing an additional 28,634 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of TWFG during the 2nd quarter worth approximately $1,219,000. Finally, BNP Paribas Financial Markets raised its position in shares of TWFG by 145.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 18,353 shares of the company's stock valued at $642,000 after buying an additional 10,869 shares during the period.

Analyst Ratings Changes

Several equities research analysts have commented on TWFG shares. Piper Sandler reaffirmed an "overweight" rating and issued a $32.00 price target (down from $38.00) on shares of TWFG in a report on Thursday. Morgan Stanley upped their target price on shares of TWFG from $29.00 to $34.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. UBS Group increased their price target on shares of TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $34.86.

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.