Research Analysts Issue Forecasts for TWFG, Inc.'s Q3 2024 Earnings (NASDAQ:TWFG)

TWFG, Inc. (NASDAQ:TWFG - Free Report) - William Blair issued their Q3 2024 EPS estimates for shares of TWFG in a research note issued to investors on Wednesday, August 21st. William Blair analyst A. Klauber expects that the company will post earnings per share of $0.14 for the quarter. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for TWFG's current full-year earnings is $0.50 per share. William Blair also issued estimates for TWFG's Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.49 EPS, FY2025 earnings at $0.61 EPS and FY2026 earnings at $0.74 EPS.

Several other research firms have also weighed in on TWFG. JPMorgan Chase & Co. started coverage on TWFG in a research note on Monday, August 12th. They issued an "overweight" rating and a $26.50 price objective on the stock. UBS Group assumed coverage on shares of TWFG in a research note on Monday, August 12th. They issued a "buy" rating and a $29.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on shares of TWFG in a research report on Monday, August 12th. They set a "market perform" rating and a $27.00 price objective for the company. Morgan Stanley initiated coverage on shares of TWFG in a research report on Monday, August 12th. They issued an "equal weight" rating and a $23.00 target price on the stock. Finally, Piper Sandler started coverage on shares of TWFG in a report on Monday, August 12th. They set an "overweight" rating and a $27.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, TWFG presently has an average rating of "Moderate Buy" and an average price target of $27.36.

TWFG Stock Up 1.0 %

Shares of TWFG stock traded up $0.26 during trading hours on Friday, reaching $25.86. The company's stock had a trading volume of 62,983 shares, compared to its average volume of 221,899. TWFG has a fifty-two week low of $21.31 and a fifty-two week high of $27.47.

Insider Transactions at TWFG

In related news, COO Katherine C. Nolan acquired 6,250 shares of the firm's stock in a transaction that occurred on Friday, July 19th. The stock was acquired at an average cost of $17.00 per share, for a total transaction of $106,250.00. Following the completion of the acquisition, the chief operating officer now directly owns 94,485 shares of the company's stock, valued at approximately $1,606,245. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Janet S. Wong purchased 2,500 shares of the stock in a transaction on Friday, July 19th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $42,500.00. Following the acquisition, the director now owns 6,029 shares in the company, valued at $102,493. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Katherine C. Nolan acquired 6,250 shares of TWFG stock in a transaction dated Friday, July 19th. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $106,250.00. Following the completion of the purchase, the chief operating officer now owns 94,485 shares in the company, valued at approximately $1,606,245. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 30,300 shares of company stock worth $515,100.

TWFG Company Profile

We are a leading, high-growth, independent distribution platform for personal and commercial insurance in the United States. We are pioneers in the insurance industry, developing an agency model built on innovation and experience with what we believe is a more flexible approach than traditional distribution models.