TWFG (NASDAQ:TWFG) Director Acquires $207,790.00 in Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak acquired 11,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $18.89 per share, for a total transaction of $207,790.00. Following the completion of the purchase, the director directly owned 632,518 shares in the company, valued at $11,948,265.02. This represents a 1.77% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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, 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 cost of $19.23 per share, for a total transaction of $211,530.00.
• On Thursday, May 21st, Michael Doak acquired 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 acquired 15,745 shares of TWFG stock. The shares were purchased at an average cost of $18.79 per share, with a total value of $295,848.55.

TWFG Stock Performance

TWFG stock traded down $0.35 on Wednesday, reaching $18.57. 202,631 shares of the stock were exchanged, compared to its average volume of 235,607. 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, Inc. has a twelve month low of $16.56 and a twelve month high of $36.85. The firm has a fifty day moving average price of $18.84 and a two-hundred day moving average price of $22.95. The stock has a market cap of $1.01 billion, a PE ratio of 34.39 and a beta of 0.46.

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

Institutional Trading of TWFG

Several institutional investors have recently modified their holdings of the company. Central Securities Corp acquired a new position in shares of TWFG in the third quarter valued at $12,348,000. Bamco Inc. NY lifted its position in TWFG by 5.8% in the third quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock worth $26,181,000 after purchasing an additional 52,067 shares during the period. Riverbridge Partners LLC boosted its stake in TWFG by 9.4% during the fourth quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock worth $17,082,000 after buying an additional 51,083 shares in the last quarter. TD Asset Management Inc boosted its stake in TWFG by 8.7% during the third quarter. TD Asset Management Inc now owns 62,362 shares of the company’s stock worth $1,711,000 after buying an additional 4,968 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in TWFG in the 1st quarter valued at $1,243,000.

Analyst Ratings Changes

TWFG has been the topic of several research analyst reports. Wall Street Zen downgraded shares of TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Zacks Research cut shares of TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Keefe, Bruyette & Woods reduced their price target 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. Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.