TWFG (NASDAQ:TWFG) Director Purchases $428,148.28 in Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak purchased 22,994 shares of TWFG stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average price of $18.62 per share, with a total value of $428,148.28. Following the transaction, the director owned 746,722 shares in the company, valued at $13,903,963.64. This represents a 3.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, June 4th, Michael Doak purchased 11,000 shares of TWFG stock. The stock was purchased at an average price of $19.09 per share, with a total value of $209,990.00.
• On Monday, June 1st, Michael Doak purchased 16,500 shares of TWFG stock. The stock was purchased at an average price of $19.33 per share, with a total value of $318,945.00.
• On Friday, May 29th, Michael Doak purchased 11,330 shares of TWFG stock. The stock was purchased at an average price of $18.87 per share, with a total value of $213,797.10.
• On Thursday, May 28th, Michael Doak purchased 11,000 shares of TWFG stock. The stock was purchased at an average price of $18.87 per share, with a total value of $207,570.00.
• On Wednesday, May 27th, Michael Doak purchased 24,880 shares of TWFG stock. The stock was purchased at an average price of $18.62 per share, with a total value of $463,265.60.
• On Tuesday, May 26th, Michael Doak purchased 11,000 shares of TWFG stock. The stock was purchased at an average price of $19.23 per share, with a total value of $211,530.00.
• On Friday, May 22nd, Michael Doak purchased 11,000 shares of TWFG stock. The stock was purchased at an average price of $18.89 per share, with a total value of $207,790.00.
• On Thursday, May 21st, Michael Doak purchased 17,538 shares of TWFG stock. The stock was purchased at an average price of $18.52 per share, with a total value of $324,803.76.
• On Wednesday, May 20th, Michael Doak purchased 15,745 shares of TWFG stock. The stock was purchased at an average price of $18.79 per share, with a total value of $295,848.55.

TWFG Trading Up 1.9%

Shares of NASDAQ:TWFG traded up $0.35 during mid-day trading on Thursday, hitting $18.95. The stock had a trading volume of 217,014 shares, compared to its average volume of 239,781. TWFG, Inc. has a 12-month low of $16.56 and a 12-month high of $36.79. 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 company has a market cap of $1.03 billion, a PE ratio of 35.09 and a beta of 0.46. The company’s 50 day moving average is $18.80 and its 200-day moving average is $22.66.

TWFG (NASDAQ:TWFG) last released its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $67.67 million. On average, sell-side analysts predict that TWFG, Inc. will post 0.97 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp grew its stake 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. Quadrant Capital Group LLC acquired a new position in TWFG in the 4th quarter valued at $68,000. Quantbot Technologies LP grew its stake 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. Russell Investments Group Ltd. acquired a new position in TWFG in the 3rd quarter valued at $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in TWFG in the 2nd quarter valued at $155,000.

Wall Street Analyst Weigh In

TWFG has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of TWFG from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods cut their target price on shares of TWFG from $31.00 to $25.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TWFG in a research report on Monday, May 4th. JPMorgan Chase & Co. cut their target price on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Finally, Morgan Stanley cut their target price on shares of TWFG from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.