TWFG (NASDAQ:TWFG) Director Michael Doak Purchases 7,865 Shares

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak bought 7,865 shares of TWFG stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $19.45 per share, for a total transaction of $152,974.25. Following the purchase, the director owned 765,587 shares of the company’s stock, valued at $14,890,667.15. The trade was a 1.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, June 4th, Michael Doak bought 11,000 shares of TWFG stock. The stock was purchased at an average cost of $19.09 per share, for a total transaction of $209,990.00.
• On Wednesday, June 3rd, Michael Doak bought 22,994 shares of TWFG stock. The stock was purchased 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 stock was purchased 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 stock was purchased 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 stock was purchased 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 stock was purchased 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 stock was purchased 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 stock was purchased at an average cost of $18.89 per share, for a total transaction of $207,790.00.
• On Thursday, May 21st, Michael Doak acquired 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 acquired 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 0.1%

Shares of NASDAQ:TWFG opened at $19.89 on Tuesday. The stock’s 50-day moving average price is $18.88 and its 200-day moving average price is $22.49. TWFG, Inc. has a 12-month low of $16.56 and a 12-month high of $36.79. The stock has a market capitalization of $1.08 billion, a P/E ratio of 36.83 and a beta of 0.46. 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 quarterly earnings data 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 return on equity of 15.96% and a net margin of 3.04%.The firm had revenue of $72.84 million for the quarter, compared to analysts’ expectations of $67.67 million. On average, equities analysts anticipate that TWFG, Inc. will post 0.97 earnings per share for the current year.

Institutional Trading of TWFG

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of TWFG by 26.7% during the first quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock worth $995,000 after purchasing an additional 11,415 shares during the period. Renaissance Technologies LLC lifted its holdings in TWFG by 201.9% in the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after buying an additional 79,127 shares during the period. Dimensional Fund Advisors LP purchased a new stake in TWFG in the first quarter worth about $1,243,000. Bank of New York Mellon Corp lifted its holdings in TWFG by 20.1% in the first quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock worth $270,000 after buying an additional 2,459 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in TWFG by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock worth $81,929,000 after buying an additional 26,742 shares during the period.

Wall Street Analysts Forecast Growth

TWFG has been the topic of a number of recent research reports. Truist Financial set a $23.00 price objective on TWFG in a research note on Monday. UBS Group reduced their price objective on TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. JPMorgan Chase & Co. reduced 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. Zacks Research cut TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of TWFG in a report on Monday. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.57.

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.