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

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak bought 22,994 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was bought at an average price of $18.62 per share, for a total transaction of $428,148.28. Following the completion of the purchase, the director directly owned 746,722 shares in the company, valued at approximately $13,903,963.64. This represents a 3.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available 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 bought at an average price of $19.09 per share, for a total transaction of $209,990.00.
• On Monday, June 1st, Michael Doak bought 16,500 shares of TWFG stock. The stock was bought at an average price 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 bought at an average price 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 bought at an average price 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 bought 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 acquired at an average cost 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 acquired at an average cost 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 acquired at an average cost 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 acquired at an average cost of $18.79 per share, with a total value of $295,848.55.

TWFG Price Performance

Shares of TWFG opened at $19.87 on Friday. The company has a 50 day moving average price of $18.85 and a 200-day moving average price of $22.58. TWFG, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $36.79. The stock has a market capitalization of $1.08 billion, a PE ratio of 36.80 and a beta of 0.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71.

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

Analyst Ratings Changes

Several brokerages recently issued reports on TWFG. Wall Street Zen cut shares of TWFG from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Keefe, Bruyette & Woods reduced their target price on shares of TWFG from $31.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. JPMorgan Chase & Co. reduced their target price on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. Finally, Piper Sandler reduced their target price on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.00.

Hedge Funds Weigh In On TWFG

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp boosted its position in TWFG by 102.7% during the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after acquiring an additional 454 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its position in TWFG by 7.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock worth $382,000 after acquiring an additional 970 shares during the last quarter. Quantbot Technologies LP boosted its position in TWFG by 52.5% during the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after acquiring an additional 1,395 shares during the last quarter. State of Wyoming boosted its position in TWFG by 42.0% during the second quarter. State of Wyoming now owns 5,188 shares of the company’s stock worth $182,000 after acquiring an additional 1,535 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in TWFG by 5.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock worth $950,000 after acquiring an additional 1,800 shares during the last quarter.

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.