Insider Buying: TWFG (NASDAQ:TWFG) Director Buys 17,538 Shares of Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak purchased 17,538 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average cost of $18.52 per share, for a total transaction of $324,803.76. Following the completion of the purchase, the director directly owned 621,518 shares in the company, valued at $11,510,513.36. This represents a 2.90% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, May 20th, Michael Doak purchased 15,745 shares of TWFG stock. The stock was bought at an average cost of $18.79 per share, for a total transaction of $295,848.55.

TWFG Price Performance

TWFG stock traded down $0.05 during midday trading on Friday, reaching $18.86. The company had a trading volume of 162,361 shares, compared to its average volume of 236,168. The company has a market capitalization of $1.02 billion, a P/E ratio of 34.93 and a beta of 0.46. TWFG, Inc. has a 12-month low of $16.56 and a 12-month high of $36.85. The firm’s fifty day simple moving average is $18.88 and its 200-day simple moving average is $23.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. Zacks Research lowered shares of TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. UBS Group decreased their target price on shares of TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Piper Sandler decreased their target price on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.00.

Institutional Trading of TWFG

Several institutional investors have recently made changes to their positions in TWFG. Quantbot Technologies LP raised its position in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after buying an additional 1,395 shares during the period. Jane Street Group LLC purchased a new stake in shares of TWFG during the 2nd quarter valued at approximately $1,219,000. Bank of America Corp DE raised its position in shares of TWFG by 287.2% during the 2nd quarter. Bank of America Corp DE now owns 50,618 shares of the company’s stock valued at $1,772,000 after buying an additional 37,546 shares during the period. Bamco Inc. NY raised its position in shares of TWFG by 3.9% during the 2nd quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock valued at $31,572,000 after buying an additional 34,237 shares during the period. Finally, Boothbay Fund Management LLC raised its position in shares of TWFG by 225.5% during the 2nd quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company’s stock valued at $1,447,000 after buying an additional 28,634 shares during the period.

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.