Michael Doak Acquires 7,865 Shares of TWFG (NASDAQ:TWFG) Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak acquired 7,865 shares of the business’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $19.45 per share, for a total transaction of $152,974.25. Following the acquisition, the director owned 765,587 shares of the company’s stock, valued at $14,890,667.15. This represents a 1.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, June 4th, Michael Doak acquired 11,000 shares of TWFG stock. The shares were bought at an average cost of $19.09 per share, for a total transaction of $209,990.00.
• On Wednesday, June 3rd, Michael Doak acquired 22,994 shares of TWFG stock. The shares were bought at an average cost of $18.62 per share, for a total transaction of $428,148.28.
• On Monday, June 1st, Michael Doak acquired 16,500 shares of TWFG stock. The shares were bought at an average cost of $19.33 per share, for a total transaction of $318,945.00.
• On Friday, May 29th, Michael Doak acquired 11,330 shares of TWFG stock. The shares were bought at an average cost of $18.87 per share, for a total transaction of $213,797.10.
• On Thursday, May 28th, Michael Doak acquired 11,000 shares of TWFG stock. The shares were bought at an average cost of $18.87 per share, for a total transaction of $207,570.00.
• On Wednesday, May 27th, Michael Doak acquired 24,880 shares of TWFG stock. The shares were bought 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 shares were bought at an average cost of $19.23 per share, for a total transaction of $211,530.00.
• On Friday, May 22nd, Michael Doak acquired 11,000 shares of TWFG stock. The shares were bought at an average cost of $18.89 per share, for a total transaction of $207,790.00.
• 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.
• On Wednesday, May 20th, Michael Doak acquired 15,745 shares of TWFG stock. The shares were bought at an average cost of $18.79 per share, for a total transaction of $295,848.55.

TWFG Stock Up 3.8%

TWFG stock opened at $20.65 on Wednesday. The company has a current ratio of 94.71, a quick ratio of 94.71 and a debt-to-equity ratio of 0.01. TWFG, Inc. has a twelve month low of $16.56 and a twelve month high of $36.79. The company’s 50 day moving average is $18.94 and its two-hundred day moving average is $22.44. The stock has a market cap of $1.12 billion, a P/E ratio of 38.24 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $67.67 million. Research analysts expect that TWFG, Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on TWFG shares. Piper Sandler cut their target price 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. JPMorgan Chase & Co. cut their target price on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Wall Street Zen cut shares of TWFG from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Morgan Stanley cut their target price on shares of TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Three investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $24.86.

Hedge Funds Weigh In On TWFG

Institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after buying an additional 454 shares during the period. Quadrant Capital Group LLC acquired a new position in TWFG in the 4th quarter valued at $68,000. Quantbot Technologies LP increased its stake in TWFG by 52.5% in 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. State of Tennessee Department of Treasury acquired a new position in TWFG in the 2nd quarter valued at $155,000. Finally, Russell Investments Group Ltd. acquired a new position in TWFG in the 3rd quarter valued at $142,000.

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.