Insider Buying: TWFG (NASDAQ:TWFG) Director Buys 15,745 Shares of Stock

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

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

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

TWFG Trading Down 0.3%

TWFG stock traded down $0.05 during trading hours on Friday, reaching $18.86. 162,361 shares of the company’s stock traded hands, compared to its average volume of 236,168. 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, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $36.85. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 34.93 and a beta of 0.46. The firm’s 50 day moving average is $18.88 and its 200-day moving average is $23.07.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. The company had revenue of $72.84 million during the quarter, compared to analysts’ expectations of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. On average, analysts predict that TWFG, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TWFG. UBS Group lowered their price target on TWFG from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. JPMorgan Chase & Co. lowered their price target on TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Wall Street Zen cut TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Morgan Stanley lowered their price target on TWFG from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Zacks Research cut TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Three equities research 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 MarketBeat.com, TWFG presently has an average rating of “Hold” and an average target price of $26.00.

Institutional Trading of TWFG

Large investors have recently bought and sold shares of the business. Fifth Third Bancorp increased its stake in TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 454 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in TWFG during the 4th quarter worth approximately $68,000. Quantbot Technologies LP increased its stake in TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in TWFG during the 3rd quarter worth approximately $142,000. Finally, State of Tennessee Department of Treasury bought a new stake in TWFG during the 2nd quarter worth approximately $155,000.

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.