Michael Doak Buys 11,000 Shares of TWFG (NASDAQ:TWFG) Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak acquired 11,000 shares of TWFG stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average price of $19.09 per share, for a total transaction of $209,990.00. Following the transaction, the director directly owned 757,722 shares in the company, valued at $14,464,912.98. The trade was a 1.47% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, June 3rd, Michael Doak bought 22,994 shares of TWFG stock. The shares were bought at an average cost of $18.62 per share, for a total transaction of $428,148.28.
• On Monday, June 1st, Michael Doak bought 16,500 shares of TWFG stock. The shares were bought at an average cost of $19.33 per share, for a total transaction of $318,945.00.
• On Friday, May 29th, Michael Doak bought 11,330 shares of TWFG stock. The shares were bought at an average cost 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 shares were bought at an average cost 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 shares were bought at an average cost of $18.62 per share, for a total transaction of $463,265.60.
• On Tuesday, May 26th, Michael Doak bought 11,000 shares of TWFG stock. The shares were bought at an average cost of $19.23 per share, for a total transaction of $211,530.00.
• On Friday, May 22nd, Michael Doak bought 11,000 shares of TWFG stock. The shares were bought at an average cost of $18.89 per share, for a total transaction of $207,790.00.
• On Thursday, May 21st, Michael Doak bought 17,538 shares of TWFG stock. The shares were bought at an average cost of $18.52 per share, for a total transaction of $324,803.76.
• On Wednesday, May 20th, Michael Doak bought 15,745 shares of TWFG stock. The shares were bought at an average cost of $18.79 per share, for a total transaction of $295,848.55.

TWFG Stock Up 4.9%

Shares of TWFG opened at $19.87 on Friday. The company has a market capitalization of $1.08 billion, a PE ratio of 36.80 and a beta of 0.46. TWFG, Inc. has a 12 month low of $16.56 and a 12 month high of $36.79. The stock’s 50-day moving average price is $18.85 and its two-hundred day moving average price is $22.58. The company has a current ratio of 94.71, a quick ratio of 94.71 and a debt-to-equity ratio of 0.01.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TWFG. Fifth Third Bancorp raised its stake in TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after buying an additional 454 shares during the period. Quadrant Capital Group LLC acquired a new position in TWFG during the 4th quarter worth approximately $68,000. Quantbot Technologies LP raised its stake in 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. State of Tennessee Department of Treasury acquired a new position in TWFG during the 2nd quarter worth approximately $155,000. Finally, Russell Investments Group Ltd. acquired a new position in TWFG during the 3rd quarter worth approximately $142,000.

Wall Street Analyst Weigh In

TWFG has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. Zacks Research downgraded TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Wall Street Zen downgraded TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Keefe, Bruyette & Woods dropped their price objective on TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Finally, JPMorgan Chase & Co. dropped their price objective on TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Three investment 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.00.

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.