Michael Doak Purchases 15,745 Shares of TWFG (NASDAQ:TWFG) Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak purchased 15,745 shares of TWFG stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $18.79 per share, for a total transaction of $295,848.55. Following the completion of the purchase, the director owned 603,980 shares in the company, valued at $11,348,784.20. This represents a 2.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, May 21st, Michael Doak purchased 17,538 shares of TWFG stock. The stock was bought at an average price of $18.52 per share, for a total transaction of $324,803.76.

TWFG Trading Down 0.3%

TWFG opened at $18.86 on Friday. The company’s 50 day moving average is $18.87 and its 200-day moving average is $23.04. 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 company has a market cap of $1.02 billion, a P/E ratio of 34.93 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 net margin of 3.04% and a return on equity of 15.96%. The company had revenue of $72.84 million for the quarter, compared to the consensus estimate of $67.67 million. Equities research analysts predict that TWFG, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its holdings 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 buying an additional 454 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in TWFG by 7.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock valued at $382,000 after buying an additional 970 shares during the last quarter. Quantbot Technologies LP raised its holdings 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 buying an additional 1,395 shares during the last quarter. State of Wyoming raised its holdings in TWFG by 42.0% in the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock valued at $182,000 after buying an additional 1,535 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in TWFG by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock valued at $950,000 after buying an additional 1,800 shares during the last quarter.

Wall Street Analyst Weigh In

TWFG has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Keefe, Bruyette & Woods reduced 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 note on Tuesday, April 7th. Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th. UBS Group reduced their price target on shares of TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Finally, Zacks Research lowered shares of TWFG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.