TWFG (NASDAQ:TWFG) Director Purchases $209,990.00 in Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak bought 11,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were purchased at an average cost of $19.09 per share, for a total transaction of $209,990.00. Following the completion of the transaction, the director directly owned 757,722 shares of the company’s stock, valued at $14,464,912.98. This trade represents a 1.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, June 3rd, Michael Doak bought 22,994 shares of TWFG stock. The shares were purchased at an average cost of $18.62 per share, for a total transaction of $428,148.28.
• On Monday, June 1st, Michael Doak bought 16,500 shares of TWFG stock. The shares were purchased at an average cost of $19.33 per share, for a total transaction of $318,945.00.
• On Friday, May 29th, Michael Doak bought 11,330 shares of TWFG stock. The shares were purchased at an average cost of $18.87 per share, for a total transaction of $213,797.10.
• On Thursday, May 28th, Michael Doak bought 11,000 shares of TWFG stock. The shares were purchased at an average cost of $18.87 per share, for a total transaction of $207,570.00.
• On Wednesday, May 27th, Michael Doak bought 24,880 shares of TWFG stock. The shares were purchased 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 purchased at an average cost 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 shares were purchased at an average cost of $18.89 per share, for a total transaction of $207,790.00.
• On Thursday, May 21st, Michael Doak bought 17,538 shares of TWFG stock. The shares were purchased at an average cost of $18.52 per share, for a total transaction of $324,803.76.
• On Wednesday, May 20th, Michael Doak bought 15,745 shares of TWFG stock. The shares were purchased at an average cost of $18.79 per share, for a total transaction of $295,848.55.

TWFG Price Performance

Shares of NASDAQ:TWFG opened at $19.87 on Friday. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01. TWFG, Inc. has a twelve month low of $16.56 and a twelve month high of $36.79. The stock’s 50 day moving average is $18.85 and its 200-day moving average is $22.58. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 36.80 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. The business had revenue of $72.84 million during the quarter, compared to analyst estimates of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. Sell-side analysts forecast that TWFG, Inc. will post 0.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TWFG shares. Keefe, Bruyette & Woods lowered their price target on TWFG from $31.00 to $25.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. JPMorgan Chase & Co. lowered their price target 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 reissued a “sell (d+)” rating on shares of TWFG in a research report on Monday, May 4th. Morgan Stanley lowered their price target on TWFG from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Finally, UBS Group lowered their price target on TWFG from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, TWFG currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Hedge Funds Weigh In On TWFG

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. grew its position in TWFG by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock valued at $81,929,000 after buying an additional 26,742 shares during the period. Capital International Investors grew its position in TWFG by 114.4% during the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after buying an additional 511,469 shares during the period. Bamco Inc. NY grew its position in TWFG by 5.8% during the third quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock valued at $26,181,000 after buying an additional 52,067 shares during the period. Vanguard Group Inc. grew its position in TWFG by 3.2% during the third quarter. Vanguard Group Inc. now owns 639,711 shares of the company’s stock valued at $17,554,000 after buying an additional 19,720 shares during the period. Finally, Riverbridge Partners LLC grew its position in TWFG by 9.4% during the fourth quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock valued at $17,082,000 after buying an additional 51,083 shares during the period.

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.