TWFG (NASDAQ:TWFG) Director Michael Doak Acquires 11,000 Shares

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak purchased 11,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were purchased at an average cost of $19.09 per share, with a total value of $209,990.00. Following the completion of the purchase, the director owned 757,722 shares in the company, valued at $14,464,912.98. This represents a 1.47% increase in their position. The transaction 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 Wednesday, June 3rd, Michael Doak purchased 22,994 shares of TWFG stock. The shares were purchased at an average cost of $18.62 per share, with a total value of $428,148.28.
• On Monday, June 1st, Michael Doak purchased 16,500 shares of TWFG stock. The shares were purchased at an average cost of $19.33 per share, with a total value of $318,945.00.
• On Friday, May 29th, Michael Doak purchased 11,330 shares of TWFG stock. The shares were purchased at an average cost of $18.87 per share, with a total value of $213,797.10.
• On Thursday, May 28th, Michael Doak purchased 11,000 shares of TWFG stock. The shares were purchased at an average cost of $18.87 per share, with a total value of $207,570.00.
• On Wednesday, May 27th, Michael Doak purchased 24,880 shares of TWFG stock. The shares were purchased at an average cost 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 shares were purchased at an average cost of $19.23 per share, with a total value of $211,530.00.
• On Friday, May 22nd, Michael Doak purchased 11,000 shares of TWFG stock. The shares were purchased at an average cost of $18.89 per share, with a total value of $207,790.00.
• On Thursday, May 21st, Michael Doak bought 17,538 shares of TWFG stock. The stock was bought at an average price of $18.52 per share, for a total transaction of $324,803.76.
• On Wednesday, May 20th, Michael Doak bought 15,745 shares of TWFG stock. The stock was bought at an average price of $18.79 per share, for a total transaction of $295,848.55.

TWFG Stock Performance

Shares of NASDAQ TWFG opened at $18.95 on Friday. 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 stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 35.09 and a beta of 0.46. The stock’s fifty day simple moving average is $18.81 and its 200 day simple moving average is $22.60. TWFG, Inc. has a 52-week low of $16.56 and a 52-week high of $36.79.

TWFG (NASDAQ:TWFG) last issued its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The business had revenue of $72.84 million for 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%. As a group, sell-side analysts forecast that TWFG, Inc. will post 0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TWFG has been the topic of a number of recent research reports. Wall Street Zen cut TWFG from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Keefe, Bruyette & Woods decreased their target price on TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. UBS Group decreased their target price on TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Piper Sandler decreased their target price on TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Zacks Research cut TWFG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Three research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.00.

Institutional Trading of TWFG

Several hedge funds and other institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. boosted its position in shares of TWFG by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock worth $81,929,000 after buying an additional 26,742 shares during the period. Capital International Investors boosted its position in shares of TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after buying an additional 511,469 shares during the period. Bamco Inc. NY boosted its position in shares of 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 buying an additional 52,067 shares during the period. Vanguard Group Inc. boosted its position in shares of TWFG by 3.2% in the third quarter. Vanguard Group Inc. now owns 639,711 shares of the company’s stock worth $17,554,000 after buying an additional 19,720 shares during the period. Finally, Riverbridge Partners LLC boosted its position in shares of TWFG by 9.4% in 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 during the period.

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.