TWFG (NASDAQ:TWFG) Director Michael Doak Buys 24,880 Shares

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak acquired 24,880 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of $18.62 per share, with a total value of $463,265.60. Following the completion of the transaction, the director owned 668,398 shares of the company’s stock, valued at approximately $12,445,570.76. The trade was a 3.87% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, May 26th, Michael Doak purchased 11,000 shares of TWFG stock. The stock was acquired at an average price of $19.23 per share, for a total transaction of $211,530.00.
• On Friday, May 22nd, Michael Doak purchased 11,000 shares of TWFG stock. The stock was acquired at an average price of $18.89 per share, for a total transaction of $207,790.00.
• On Thursday, May 21st, Michael Doak purchased 17,538 shares of TWFG stock. The stock was acquired at an average price of $18.52 per share, for a total transaction of $324,803.76.
• On Wednesday, May 20th, Michael Doak purchased 15,745 shares of TWFG stock. The stock was acquired at an average price of $18.79 per share, for a total transaction of $295,848.55.

TWFG Stock Performance

TWFG traded down $0.35 during trading hours on Wednesday, reaching $18.57. The company’s stock had a trading volume of 202,631 shares, compared to its average volume of 235,607. TWFG, Inc. has a 52 week low of $16.56 and a 52 week high of $36.85. The company’s 50-day moving average is $18.84 and its 200-day moving average is $22.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71. The firm has a market cap of $1.01 billion, a PE ratio of 34.39 and a beta of 0.46.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on TWFG. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. Morgan Stanley decreased their price objective on TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. JPMorgan Chase & Co. decreased their price objective on TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. UBS Group decreased their price objective on TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Finally, Piper Sandler decreased their price objective on TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Institutional Trading of TWFG

Large investors have recently modified their holdings of the stock. Fifth Third Bancorp grew its holdings in shares of TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 454 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of TWFG during the 4th quarter worth $68,000. Quantbot Technologies LP grew its holdings 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 purchasing an additional 1,395 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of TWFG during the 3rd quarter worth $142,000. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of TWFG during the 2nd quarter worth $155,000.

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.