TWFG (NASDAQ:TWFG) Trading Up 4.7% After Insider Buying Activity

TWFG, Inc. (NASDAQ:TWFG) traded up 4.7% during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as $19.87 and last traded at $19.85. 254,394 shares were traded during trading, an increase of 6% from the average session volume of 239,472 shares. The stock had previously closed at $18.95.

Specifically, Director Michael Doak purchased 11,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average cost of $19.09 per share, for a total transaction of $209,990.00. Following the completion of the transaction, the director directly owned 757,722 shares in the company, valued at approximately $14,464,912.98. This represents a 1.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael Doak purchased 22,994 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average price of $18.62 per share, for a total transaction of $428,148.28. Following the completion of the transaction, the director owned 746,722 shares of the company’s stock, valued at approximately $13,903,963.64. This trade represents a 3.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In related news, Director Michael Doak purchased 16,500 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average cost of $19.33 per share, for a total transaction of $318,945.00. Following the completion of the transaction, the director directly owned 707,228 shares in the company, valued at approximately $13,670,717.24. This represents a 2.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price target on TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Wall Street Zen cut shares of TWFG from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. JPMorgan Chase & Co. decreased their price objective on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Piper Sandler decreased their price objective on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Finally, Morgan Stanley decreased their price objective on shares of TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Three 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

TWFG Stock Performance

The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $18.81 and its two-hundred day moving average is $22.60. The company has a market capitalization of $1.08 billion, a P/E ratio of 36.76 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data 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 company had revenue of $72.84 million for the quarter, compared to analysts’ expectations of $67.67 million. Equities analysts anticipate that TWFG, Inc. will post 0.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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