TWFG (NASDAQ:TWFG) Director Michael Doak Purchases 17,538 Shares of Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak purchased 17,538 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $18.52 per share, with a total value of $324,803.76. Following the completion of the transaction, the director owned 621,518 shares of the company’s stock, valued at $11,510,513.36. The trade was a 2.90% increase in their ownership of the stock. 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, May 20th, Michael Doak purchased 15,745 shares of TWFG stock. The stock was bought at an average price of $18.79 per share, with a total value of $295,848.55.

TWFG Stock Down 0.3%

Shares of TWFG opened at $18.86 on Friday. The company has a market cap of $1.02 billion, a PE ratio of 34.93 and a beta of 0.46. The business has a fifty day moving average of $18.87 and a 200 day moving average of $23.04. TWFG, Inc. has a 52-week low of $16.56 and a 52-week 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.

TWFG (NASDAQ:TWFG) last issued its quarterly 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 company 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%. On average, sell-side analysts expect that TWFG, Inc. will post 0.88 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. 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 report on Wednesday, April 8th. 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 report on Friday, May 8th. Keefe, Bruyette & Woods decreased their target price on TWFG from $31.00 to $25.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TWFG in a research report on Monday, May 4th. Finally, 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 report on Thursday. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.00.

Institutional Trading of TWFG

Several institutional investors and hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its holdings 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 valued at $81,929,000 after acquiring an additional 26,742 shares in the last quarter. Capital International Investors raised its holdings in shares of TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after acquiring an additional 511,469 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of TWFG by 5.8% in the third quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock valued at $26,181,000 after acquiring an additional 52,067 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of TWFG by 3.2% in the third quarter. Vanguard Group Inc. now owns 639,711 shares of the company’s stock valued at $17,554,000 after acquiring an additional 19,720 shares in the last quarter. Finally, Riverbridge Partners LLC raised its holdings in shares of TWFG by 9.4% in the fourth quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock valued at $17,082,000 after acquiring an additional 51,083 shares in 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.