BUZZ-Insurance broker TWFG slides after annual margin forecast disappoints

Reuters
03-21
BUZZ-Insurance broker TWFG slides after annual margin forecast disappoints

** Shares of insurance broker TWFG TWFG.O fall as much as 10%, last down 6.7% at $29.86

** TWFG late Wednesday reported Q4 results and unveiled its 2025 outlook

** BMO says TWFG's 2025 adj EBITDA margin forecast was well below expectations

** Adds that investors will be looking for clues on how growth in California, TWFG's second-largest state, could play out given a likely lack of product availability post-Los Angeles wildfires

** KBW echoes sentiment, says FY 2025 margin forecast was slightly lower than expected and could weigh on the stock

** Adds that acquisitions could meaningfully impact ultimate results depending on timing, given TWFG has a robust pipeline

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

** Stock down 3% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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