Insider Buying: TWFG (NASDAQ:TWFG) Director Purchases 11,330 Shares of Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak acquired 11,330 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were purchased at an average cost of $18.87 per share, for a total transaction of $213,797.10. Following the purchase, the director directly owned 690,728 shares in the company, valued at approximately $13,034,037.36. This trade represents a 1.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, May 28th, Michael Doak purchased 11,000 shares of TWFG stock. The stock was bought at an average cost of $18.87 per share, for a total transaction of $207,570.00.
• On Wednesday, May 27th, Michael Doak purchased 24,880 shares of TWFG stock. The stock was bought at an average cost 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

TWFG stock traded up $0.01 during trading on Friday, reaching $18.77. The company had a trading volume of 321,631 shares, compared to its average volume of 235,658. The firm’s 50-day simple moving average is $18.79 and its 200 day simple moving average is $22.86. TWFG, Inc. has a 1-year low of $16.56 and a 1-year high of $36.85. The firm has a market capitalization of $1.02 billion, a PE ratio of 34.76 and a beta of 0.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71.

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

Hedge Funds Weigh In On TWFG

Institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp grew its position in TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after acquiring an additional 454 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in TWFG in the 4th quarter valued at about $68,000. Quantbot Technologies LP grew its position in TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after acquiring an additional 1,395 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of TWFG during the second quarter worth about $155,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of TWFG during the third quarter worth about $142,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TWFG. 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. Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. 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. Zacks Research lowered TWFG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, TWFG has a consensus rating of “Hold” and an average target price 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.