TWFG (NASDAQ:TWFG) Director Acquires $209,990.00 in Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak bought 11,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were acquired 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. This trade represents a 1.47% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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 acquired at an average price of $18.62 per share, for a total transaction of $428,148.28.
• 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction of $295,848.55.

TWFG Price Performance

TWFG stock traded up $0.35 on Thursday, reaching $18.95. The company had a trading volume of 217,014 shares, compared to its average volume of 239,781. TWFG, Inc. has a 1 year low of $16.56 and a 1 year 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’s fifty day moving average is $18.80 and its 200 day moving average is $22.66. The company has a market cap of $1.03 billion, a P/E ratio of 35.09 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last posted its 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 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 analyst estimates of $67.67 million. On average, research analysts forecast that TWFG, Inc. will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TWFG. Capital International Investors lifted its stake in shares of TWFG by 114.4% during the 4th quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after purchasing an additional 511,469 shares during the period. Central Securities Corp purchased a new position in shares of TWFG during the 3rd quarter worth $12,348,000. Lord Abbett & CO. LLC lifted its stake in shares of TWFG by 179.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company’s stock worth $7,358,000 after purchasing an additional 164,355 shares during the period. Victory Capital Management Inc. lifted its stake in shares of TWFG by 57.4% during the 3rd quarter. Victory Capital Management Inc. now owns 351,478 shares of the company’s stock worth $9,645,000 after purchasing an additional 128,180 shares during the period. Finally, Giverny Capital Inc. lifted its stake in shares of TWFG by 68.9% during the 3rd quarter. Giverny Capital Inc. now owns 300,317 shares of the company’s stock worth $8,241,000 after purchasing an additional 122,469 shares during the period.

Analyst Ratings Changes

A number of research firms recently issued reports on TWFG. Piper Sandler reduced their target price on TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. UBS Group reduced their price target on TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen lowered TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Morgan Stanley reduced their price target 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. Finally, JPMorgan Chase & Co. reduced their price target 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 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 stock. Based on data from MarketBeat.com, TWFG has a consensus rating of “Hold” and an average price target 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.