Michael Doak Acquires 7,865 Shares of TWFG (NASDAQ:TWFG) Stock

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

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

• On Thursday, June 4th, Michael Doak bought 11,000 shares of TWFG stock. The shares were bought at an average cost of $19.09 per share, for a total transaction of $209,990.00.
• On Wednesday, June 3rd, Michael Doak purchased 22,994 shares of TWFG stock. The shares were acquired at an average price of $18.62 per share, for a total transaction of $428,148.28.
• On Monday, June 1st, Michael Doak purchased 16,500 shares of TWFG stock. The shares were acquired at an average price 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 price of $18.87 per share, for a total transaction of $213,797.10.
• On Thursday, May 28th, Michael Doak purchased 11,000 shares of TWFG stock. The shares were acquired at an average price of $18.87 per share, for a total transaction of $207,570.00.
• On Wednesday, May 27th, Michael Doak purchased 24,880 shares of TWFG stock. The shares were acquired at an average price of $18.62 per share, for a total transaction of $463,265.60.
• On Tuesday, May 26th, Michael Doak purchased 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 purchased 11,000 shares of TWFG stock. The shares were acquired at an average price of $18.89 per share, for a total transaction of $207,790.00.
• On Thursday, May 21st, Michael Doak purchased 17,538 shares of TWFG stock. The shares were acquired at an average price of $18.52 per share, for a total transaction of $324,803.76.
• On Wednesday, May 20th, Michael Doak purchased 15,745 shares of TWFG stock. The shares were acquired at an average price of $18.79 per share, for a total transaction of $295,848.55.

TWFG Stock Performance

TWFG traded up $0.02 during trading on Monday, reaching $19.89. 505,878 shares of the company’s stock were exchanged, compared to its average volume of 244,793. TWFG, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $36.79. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $18.85 and a 200 day moving average price of $22.55. The company has a market capitalization of $1.08 billion, a P/E ratio of 36.83 and a beta of 0.46.

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. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The firm had revenue of $72.84 million for the quarter, compared to the consensus estimate of $67.67 million. As a group, analysts predict that TWFG, Inc. will post 0.97 earnings per share for the current fiscal year.

Institutional Trading of TWFG

Several hedge funds have recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of TWFG by 102.7% during the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after buying an additional 454 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of TWFG by 7.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock worth $382,000 after buying an additional 970 shares in the last quarter. 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 worth $142,000 after buying an additional 1,395 shares in the last quarter. State of Wyoming lifted its position 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD grew 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 acquiring an additional 1,800 shares during the last quarter.

Wall Street Analyst Weigh In

TWFG has been the topic of a number of recent research reports. Piper Sandler decreased their price target on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. JPMorgan Chase & Co. reduced their target price on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. UBS Group reduced their target price on shares of TWFG from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen downgraded shares of TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Truist Financial set a $23.00 target price on shares of TWFG in a research note on Monday. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.57.

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.