TWFG (NASDAQ:TWFG – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03, Zacks reports. The company had revenue of $51.74 million for the quarter, compared to analyst estimates of $49.95 million.
TWFG Price Performance
TWFG opened at $30.69 on Thursday. TWFG has a twelve month low of $21.31 and a twelve month 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. The firm’s 50-day moving average price is $30.07 and its 200 day moving average price is $30.21.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on TWFG shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $33.00 price target (up from $30.00) on shares of TWFG in a report on Friday, January 3rd. Keefe, Bruyette & Woods increased their price target on shares of TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets lifted their price objective on shares of TWFG from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently 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.
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