Michael Doak Purchases 15,745 Shares of TWFG (NASDAQ:TWFG) Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak bought 15,745 shares of the stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average cost of $18.79 per share, for a total transaction of $295,848.55. Following the acquisition, the director owned 603,980 shares in the company, valued at $11,348,784.20. The trade was a 2.68% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, May 21st, Michael Doak bought 17,538 shares of TWFG stock. The stock was purchased at an average cost of $18.52 per share, for a total transaction of $324,803.76.

TWFG Price Performance

Shares of TWFG traded down $0.05 during trading hours on Friday, hitting $18.86. The stock had a trading volume of 162,361 shares, compared to its average volume of 236,168. The company’s fifty day moving average is $18.88 and its two-hundred day moving average is $23.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71. TWFG, Inc. has a 52 week low of $16.56 and a 52 week high of $36.85. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 34.93 and a beta of 0.46.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TWFG. Quantbot Technologies LP lifted its position in TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares during the period. Jane Street Group LLC acquired a new position in TWFG during the 2nd quarter valued at about $1,219,000. Bank of America Corp DE lifted its position in TWFG by 287.2% during the 2nd quarter. Bank of America Corp DE now owns 50,618 shares of the company’s stock valued at $1,772,000 after purchasing an additional 37,546 shares during the period. Bamco Inc. NY lifted its position in TWFG by 3.9% during the 2nd quarter. Bamco Inc. NY now owns 902,061 shares of the company’s stock valued at $31,572,000 after purchasing an additional 34,237 shares during the period. Finally, Boothbay Fund Management LLC lifted its position in TWFG by 225.5% during the 2nd quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company’s stock valued at $1,447,000 after purchasing an additional 28,634 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Keefe, Bruyette & Woods reduced their price target on shares of TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. Piper Sandler reduced their price target on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Wall Street Zen downgraded shares of TWFG from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Morgan Stanley reduced their price target on shares of TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.