Insider Buying: TWFG (NASDAQ:TWFG) Director Acquires $318,945.00 in Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak bought 16,500 shares of the company’s stock in a transaction on Monday, June 1st. The stock was bought at an average cost of $19.33 per share, with a total value of $318,945.00. Following the completion of the purchase, the director owned 707,228 shares of the company’s stock, valued at approximately $13,670,717.24. The trade was a 2.39% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, June 4th, Michael Doak bought 11,000 shares of TWFG stock. The stock was bought at an average cost of $19.09 per share, with a total value of $209,990.00.
• On Wednesday, June 3rd, Michael Doak bought 22,994 shares of TWFG stock. The stock was bought at an average cost of $18.62 per share, with a total value of $428,148.28.
• On Friday, May 29th, Michael Doak bought 11,330 shares of TWFG stock. The stock was bought at an average cost of $18.87 per share, with a total value of $213,797.10.
• On Thursday, May 28th, Michael Doak purchased 11,000 shares of TWFG stock. The shares were acquired at an average cost of $18.87 per share, with a total value of $207,570.00.
• On Wednesday, May 27th, Michael Doak purchased 24,880 shares of TWFG stock. The shares were acquired at an average cost of $18.62 per share, with a total value of $463,265.60.
• On Tuesday, May 26th, Michael Doak purchased 11,000 shares of TWFG stock. The shares were acquired at an average cost of $19.23 per share, with a total value of $211,530.00.
• On Friday, May 22nd, Michael Doak purchased 11,000 shares of TWFG stock. The shares were acquired at an average cost of $18.89 per share, with a total value of $207,790.00.
• On Thursday, May 21st, Michael Doak purchased 17,538 shares of TWFG stock. The shares were acquired at an average cost of $18.52 per share, with a total value of $324,803.76.
• On Wednesday, May 20th, Michael Doak purchased 15,745 shares of TWFG stock. The shares were acquired at an average cost of $18.79 per share, with a total value of $295,848.55.

TWFG Trading Up 1.9%

TWFG opened at $18.95 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 35.09 and a beta of 0.46. The firm has a 50 day simple moving average of $18.81 and a 200 day simple moving average of $22.60. TWFG, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $36.79.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results 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. The business had revenue of $72.84 million during the quarter, compared to the consensus estimate of $67.67 million. TWFG had a net margin of 3.04% and a return on equity of 15.96%. On average, sell-side analysts anticipate that TWFG, Inc. will post 0.97 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TWFG shares. Weiss Ratings reissued a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th. Zacks Research cut shares of TWFG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. UBS Group decreased their price objective on shares of TWFG from $34.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. JPMorgan Chase & Co. decreased their price objective on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, Morgan Stanley decreased their price objective on shares of TWFG from $24.00 to $21.00 and set an “equal weight” rating for the company 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its holdings in shares of TWFG by 102.7% in the fourth 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 shares of TWFG in the fourth quarter valued at approximately $68,000. Quantbot Technologies LP boosted its holdings in shares of TWFG by 52.5% in the second 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. Russell Investments Group Ltd. acquired a new position in shares of TWFG in the third quarter valued at approximately $142,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of TWFG in the second quarter valued at approximately $155,000.

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.