TWFG (NASDAQ:TWFG) Director Michael Doak Acquires 22,994 Shares

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak purchased 22,994 shares of TWFG stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average price of $18.62 per share, for a total transaction of $428,148.28. Following the completion of the transaction, the director owned 746,722 shares of the company’s stock, valued at approximately $13,903,963.64. This represents a 3.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed 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 purchased at an average price of $19.09 per share, with a total value of $209,990.00.
• On Monday, June 1st, Michael Doak bought 16,500 shares of TWFG stock. The stock was acquired at an average cost of $19.33 per share, for a total transaction of $318,945.00.
• On Friday, May 29th, Michael Doak purchased 11,330 shares of TWFG stock. The shares were acquired at an average cost of $18.87 per share, with a total value of $213,797.10.
• On Thursday, May 28th, Michael Doak acquired 11,000 shares of TWFG stock. The stock was acquired at an average price of $18.87 per share, with a total value of $207,570.00.
• On Wednesday, May 27th, Michael Doak acquired 24,880 shares of TWFG stock. The stock was acquired at an average cost of $18.62 per share, for a total transaction of $463,265.60.
• On Tuesday, May 26th, Michael Doak bought 11,000 shares of TWFG stock. The shares were acquired at an average price of $19.23 per share, for a total transaction of $211,530.00.
• On Friday, May 22nd, Michael Doak bought 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 purchased 17,538 shares of TWFG stock. The shares were bought at an average price 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 Trading Up 1.9%

TWFG opened at $18.95 on Friday. The company has a current ratio of 94.71, a quick ratio of 94.71 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.03 billion, a PE ratio of 35.09 and a beta of 0.46. TWFG, Inc. has a 1-year low of $16.56 and a 1-year high of $36.79. The firm has a 50-day moving average price of $18.81 and a two-hundred day moving average price of $22.60.

TWFG (NASDAQ:TWFG) last announced its 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. 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 analyst estimates of $67.67 million. As a group, equities analysts anticipate that TWFG, Inc. will post 0.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after purchasing an additional 454 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its position in shares of TWFG by 7.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock valued at $382,000 after purchasing an additional 970 shares during the period. Quantbot Technologies LP increased its stake in 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 Wyoming raised its holdings in TWFG by 42.0% during the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock worth $182,000 after buying an additional 1,535 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in TWFG by 5.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock worth $950,000 after buying an additional 1,800 shares during the period.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their price target on TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. JPMorgan Chase & Co. lowered their price target on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Zacks Research downgraded shares of TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th. Finally, Piper Sandler lowered their target price on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Three 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.