Insider Buying: TWFG (NASDAQ:TWFG) Director Purchases $324,803.76 in Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak bought 17,538 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of $18.52 per share, for a total transaction of $324,803.76. Following the completion of the acquisition, the director directly owned 621,518 shares in the company, valued at approximately $11,510,513.36. This trade represents a 2.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Doak also recently made the following trade(s):

• On Wednesday, May 20th, Michael Doak purchased 15,745 shares of TWFG stock. The stock was bought at an average price of $18.79 per share, for a total transaction of $295,848.55.

TWFG Stock Performance

Shares of TWFG stock opened at $18.86 on Monday. TWFG, Inc. has a 1-year low of $16.56 and a 1-year high of $36.85. The company has a current ratio of 94.71, a quick ratio of 94.71 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 34.93 and a beta of 0.46. The stock has a 50-day moving average of $18.87 and a 200-day moving average of $23.04.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The company had revenue of $72.84 million for the quarter, compared to analyst estimates of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. On average, equities research analysts forecast that TWFG, Inc. will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On TWFG

Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP grew its position in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after buying an additional 1,395 shares during the period. Jane Street Group LLC acquired a new position in shares of TWFG during the 2nd quarter valued at $1,219,000. Bank of America Corp DE boosted its stake in TWFG by 287.2% during the second quarter. Bank of America Corp DE now owns 50,618 shares of the company’s stock worth $1,772,000 after acquiring an additional 37,546 shares in the last quarter. Bamco Inc. NY grew its holdings in TWFG by 3.9% in the second quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock worth $31,572,000 after purchasing an additional 34,237 shares during the period. Finally, Boothbay Fund Management LLC grew its holdings in TWFG by 225.5% in the second quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company’s stock worth $1,447,000 after purchasing an additional 28,634 shares during the period.

Analysts Set New Price Targets

TWFG has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of TWFG from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday. Zacks Research lowered shares of TWFG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Keefe, Bruyette & Woods cut their price target on shares of TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. Piper Sandler decreased their price target on TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Finally, Wall Street Zen lowered TWFG from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TWFG currently has an average rating of “Hold” and an average price target of $26.00.

About TWFG

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.