TWFG (NASDAQ:TWFG) Director Michael Doak Buys 15,745 Shares of Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak acquired 15,745 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $18.79 per share, for a total transaction of $295,848.55. Following the completion of the acquisition, the director directly owned 603,980 shares of the company’s stock, valued at approximately $11,348,784.20. The trade was a 2.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

TWFG Price Performance

NASDAQ:TWFG opened at $18.86 on Friday. TWFG, Inc. has a one year low of $16.56 and a one year high of $36.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 34.93 and a beta of 0.46. The firm’s fifty day moving average is $18.87 and its two-hundred day moving average is $23.04.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating 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 analyst estimates of $67.67 million. Research analysts expect that TWFG, Inc. will post 0.88 EPS for the current year.

Analysts Set New Price Targets

TWFG has been the topic of several recent research reports. Piper Sandler lowered their price target on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Wall Street Zen lowered shares of TWFG from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Morgan Stanley lowered their price target on shares of TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday. UBS Group lowered their price target on shares of TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TWFG. Fifth Third Bancorp raised its position in shares of TWFG by 102.7% in 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 period. Quadrant Capital Group LLC acquired a new position in shares of TWFG in the fourth quarter worth about $68,000. Quantbot Technologies LP raised its position in shares of TWFG by 52.5% in 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 period. Russell Investments Group Ltd. acquired a new position in shares of TWFG in the third quarter worth about $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of TWFG in the second quarter worth about $155,000.

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.