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

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak acquired 11,000 shares of TWFG stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of $18.89 per share, for a total transaction of $207,790.00. Following the purchase, the director owned 632,518 shares of the company’s stock, valued at approximately $11,948,265.02. This represents a 1.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, May 27th, Michael Doak acquired 24,880 shares of TWFG stock. The stock was acquired at an average cost of $18.62 per share, for a total transaction of $463,265.60.
• On Tuesday, May 26th, Michael Doak acquired 11,000 shares of TWFG stock. The stock was acquired at an average cost of $19.23 per share, for a total transaction of $211,530.00.
• On Thursday, May 21st, Michael Doak bought 17,538 shares of TWFG stock. The shares were purchased at an average price of $18.52 per share, with a total value of $324,803.76.
• On Wednesday, May 20th, Michael Doak bought 15,745 shares of TWFG stock. The shares were purchased at an average price of $18.79 per share, with a total value of $295,848.55.

TWFG Trading Down 1.8%

TWFG stock opened at $18.57 on Thursday. The company has a market cap of $1.01 billion, a P/E ratio of 34.39 and a beta of 0.46. TWFG, Inc. has a twelve month low of $16.56 and a twelve month high of $36.85. 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 business has a fifty day moving average of $18.81 and a 200-day moving average of $22.91.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. The business had revenue of $72.84 million during 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%. As a group, equities research analysts expect that TWFG, Inc. will post 0.95 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on TWFG. Keefe, Bruyette & Woods dropped their price objective on TWFG from $31.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Piper Sandler decreased their target price on TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. UBS Group decreased their target price on TWFG from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Morgan Stanley decreased their target price on TWFG from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of TWFG by 26.7% during the first quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock worth $995,000 after buying an additional 11,415 shares during the period. Renaissance Technologies LLC boosted its position in shares of TWFG by 201.9% during the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after buying an additional 79,127 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of TWFG during the first quarter worth about $1,243,000. Bank of New York Mellon Corp boosted its position in shares of TWFG by 20.1% during the first quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock worth $270,000 after buying an additional 2,459 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of TWFG by 0.9% during 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.

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.