Michael Doak Acquires 24,880 Shares of TWFG (NASDAQ:TWFG) Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak bought 24,880 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were bought at an average price of $18.62 per share, with a total value of $463,265.60. Following the completion of the transaction, the director directly owned 668,398 shares in the company, valued at approximately $12,445,570.76. This trade represents a 3.87% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, May 26th, Michael Doak acquired 11,000 shares of TWFG stock. The stock was acquired at an average price of $19.23 per share, with a total value of $211,530.00.
• On Friday, May 22nd, Michael Doak acquired 11,000 shares of TWFG stock. The stock was acquired at an average price of $18.89 per share, with a total value of $207,790.00.
• On Thursday, May 21st, Michael Doak acquired 17,538 shares of TWFG stock. The stock was acquired at an average price of $18.52 per share, with a total value of $324,803.76.
• On Wednesday, May 20th, Michael Doak acquired 15,745 shares of TWFG stock. The stock was acquired at an average price of $18.79 per share, with a total value of $295,848.55.

TWFG Stock Down 1.8%

Shares of TWFG traded down $0.35 on Wednesday, hitting $18.57. The company’s stock had a trading volume of 202,631 shares, compared to its average volume of 235,607. 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 firm’s fifty day moving average price is $18.84 and its 200-day moving average price is $22.95. TWFG, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $36.85. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 34.39 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.09. TWFG had a return on equity of 15.96% and a net margin of 3.04%.The business had revenue of $72.84 million during the quarter, compared to analyst estimates of $67.67 million. On average, equities research analysts expect that TWFG, Inc. will post 0.88 EPS for the current year.

Institutional Investors Weigh In On TWFG

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp raised its stake in shares of TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 454 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in shares of TWFG during the 4th quarter worth approximately $68,000. Quantbot Technologies LP raised its stake in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares in the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of TWFG during the 2nd quarter worth approximately $155,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of TWFG during the 3rd quarter worth approximately $142,000.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen cut TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Zacks Research cut TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Piper Sandler cut their target price on TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th. Finally, Morgan Stanley cut their target price on TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.00.

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.