Michael Doak Purchases 16,500 Shares of TWFG (NASDAQ:TWFG) Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak bought 16,500 shares of the stock in a transaction on Monday, June 1st. The stock was purchased at an average price of $19.33 per share, for a total transaction of $318,945.00. Following the completion of the purchase, the director directly owned 707,228 shares in the company, valued at approximately $13,670,717.24. This represents a 2.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, May 29th, Michael Doak bought 11,330 shares of TWFG stock. The stock was purchased at an average price of $18.87 per share, for a total transaction of $213,797.10.
• On Thursday, May 28th, Michael Doak bought 11,000 shares of TWFG stock. The stock was purchased at an average price of $18.87 per share, for a total transaction of $207,570.00.
• On Wednesday, May 27th, Michael Doak bought 24,880 shares of TWFG stock. The stock was purchased at an average price of $18.62 per share, for a total transaction of $463,265.60.
• On Tuesday, May 26th, Michael Doak purchased 11,000 shares of TWFG stock. The stock was bought at an average cost 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 bought at an average cost 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 bought at an average cost 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 bought at an average cost of $18.79 per share, for a total transaction of $295,848.55.

TWFG Price Performance

Shares of NASDAQ:TWFG opened at $18.60 on Thursday. The company’s fifty day moving average price is $18.80 and its 200-day moving average price is $22.66. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 34.44 and a beta of 0.46. TWFG, Inc. has a one year low of $16.56 and a one year high of $36.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The firm had revenue of $72.84 million for the quarter, compared to analyst estimates of $67.67 million. TWFG had a net margin of 3.04% and a return on equity of 15.96%. On average, equities research analysts anticipate that TWFG, Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on TWFG shares. Keefe, Bruyette & Woods decreased their price target on shares of TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Zacks Research lowered shares of TWFG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of 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 target on shares of TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Finally, Wall Street Zen lowered shares of TWFG from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.00.

Hedge Funds Weigh In On TWFG

Several institutional investors and hedge funds have recently made changes to their positions in the business. Central Securities Corp purchased a new stake in TWFG during the 3rd quarter valued at $12,348,000. Bamco Inc. NY boosted its position in TWFG by 5.8% during the 3rd quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock valued at $26,181,000 after buying an additional 52,067 shares during the period. Riverbridge Partners LLC boosted its position in TWFG by 9.4% during the 4th quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock valued at $17,082,000 after buying an additional 51,083 shares during the period. TD Asset Management Inc boosted its position in TWFG by 8.7% during the 3rd quarter. TD Asset Management Inc now owns 62,362 shares of the company’s stock valued at $1,711,000 after buying an additional 4,968 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in TWFG during the 1st quarter valued at $1,243,000.

TWFG Company Profile

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.