TWFG (NASDAQ:TWFG) Director Acquires $152,974.25 in Stock

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

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

• On Thursday, June 4th, Michael Doak acquired 11,000 shares of TWFG stock. The stock was acquired 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 stock was acquired 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 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 acquired 11,330 shares of TWFG stock. The stock was acquired 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 stock was acquired 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 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 acquired 11,000 shares of TWFG stock. The stock was acquired 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 stock was acquired 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 stock was acquired 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 stock was acquired at an average cost of $18.79 per share, for a total transaction of $295,848.55.

TWFG Price Performance

TWFG stock opened at $21.85 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71. The firm has a market cap of $1.18 billion, a P/E ratio of 40.46 and a beta of 0.46. The business’s fifty day moving average is $19.01 and its two-hundred day moving average is $22.39. TWFG, Inc. has a 52 week low of $16.56 and a 52 week high of $36.79.

TWFG (NASDAQ:TWFG) last released its 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 company had revenue of $72.84 million during the quarter, compared to the consensus estimate of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. Equities research analysts forecast that TWFG, Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday. JPMorgan Chase & Co. dropped their target price on TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a research report on Monday, May 4th. Piper Sandler dropped their target price on TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Finally, Wall Street Zen downgraded TWFG from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.86.

Institutional Investors Weigh In On TWFG

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its holdings in 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 purchasing an additional 454 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in TWFG in the fourth quarter valued at about $68,000. Quantbot Technologies LP increased its holdings in 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 purchasing an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in TWFG in the third quarter valued at about $142,000. Finally, State of Tennessee Department of Treasury bought a new stake in TWFG in the second quarter valued at about $155,000.

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.