FY2024 EPS Estimates for TWFG, Inc. Lifted by William Blair (NASDAQ:TWFG)

TWFG, Inc. (NASDAQ:TWFG - Free Report) - Equities researchers at William Blair increased their FY2024 earnings estimates for TWFG in a research report issued to clients and investors on Wednesday, August 28th. William Blair analyst A. Klauber now forecasts that the company will post earnings of $0.50 per share for the year, up from their prior forecast of $0.49. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for TWFG's current full-year earnings is $0.52 per share. William Blair also issued estimates for TWFG's FY2025 earnings at $0.62 EPS and FY2026 earnings at $0.75 EPS.

TWFG (NASDAQ:TWFG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $14.89 EPS for the quarter, topping analysts' consensus estimates of $3.74 by $11.15. The company had revenue of $53.27 million during the quarter, compared to the consensus estimate of $51.86 million.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of TWFG from $26.50 to $28.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group assumed coverage on shares of TWFG in a research report on Monday, August 12th. They set a "buy" rating and a $29.00 target price for the company. Morgan Stanley assumed coverage on shares of TWFG in a research report on Monday, August 12th. They set an "equal weight" rating and a $23.00 target price for the company. Royal Bank of Canada boosted their target price on shares of TWFG from $29.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods assumed coverage on shares of TWFG in a research report on Monday, August 12th. They set a "market perform" rating and a $27.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.71.

TWFG Trading Up 4.9 %

Shares of TWFG stock traded up $1.33 during trading hours on Friday, reaching $28.67. The company had a trading volume of 98,775 shares, compared to its average volume of 215,019. TWFG has a one year low of $21.31 and a one year high of $28.98.

Insiders Place Their Bets

In other news, COO Katherine C. Nolan purchased 6,250 shares of the company's stock in a transaction 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 transaction, the chief operating officer now directly owns 94,485 shares in the company, valued at approximately $1,606,245. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Richard F. Bunch III bought 17,550 shares of the stock in a transaction dated Friday, July 19th. The shares were purchased at an average price of $17.00 per share, with a total value of $298,350.00. Following the completion of the acquisition, the chief executive officer now owns 695,925 shares of the company's stock, valued at $11,830,725. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Katherine C. Nolan bought 6,250 shares of the stock in a transaction dated Friday, July 19th. The stock was bought at an average cost of $17.00 per share, for a total transaction of $106,250.00. Following the acquisition, the chief operating officer now directly owns 94,485 shares of the company's stock, valued at approximately $1,606,245. The disclosure for this purchase can be found here. Insiders bought a total of 30,300 shares of company stock worth $515,100 over the last three months.

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.