BUZZ-Insurance broker TWFG rises after prelim Q4 results

Reuters
03-04
BUZZ-Insurance broker TWFG rises after prelim Q4 results

** Shares of insurance broker TWFG TWFG.O up 5.3% at $31.83

** TWFG late Friday announced Q4 prelim results, with revenue expected to be largely above Wall Street expectations

** J.P. Morgan says it was a positive initial read on Q4 growth metrics, with premiums written, revenue and contingent commissions coming in above its expectations

** TWFG expects to release final Q4 results in mid-March

** Five of nine brokerages rate the stock "buy" or higher and four "hold"; median PT is $34.50 - LSEG data

** Stock has jumped 87% since TWFG went public in July

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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