TWFG (NASDAQ:TWFG) Director Michael Doak Acquires 11,000 Shares

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak purchased 11,000 shares of TWFG stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $19.23 per share, for a total transaction of $211,530.00. Following the transaction, the director directly owned 643,518 shares of the company’s stock, valued at $12,374,851.14. The trade was a 1.74% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, May 27th, Michael Doak purchased 24,880 shares of TWFG stock. The stock was acquired at an average price of $18.62 per share, for a total transaction of $463,265.60.
• On Friday, May 22nd, Michael Doak acquired 11,000 shares of TWFG stock. The shares were purchased at an average cost of $18.89 per share, with a total value of $207,790.00.
• On Thursday, May 21st, Michael Doak acquired 17,538 shares of TWFG stock. The shares were purchased 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 purchased at an average price of $18.79 per share, for a total transaction of $295,848.55.

TWFG Trading Down 1.8%

TWFG stock opened at $18.57 on Thursday. 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 $36.85. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 34.39 and a beta of 0.46. The firm’s fifty day simple moving average is $18.81 and its two-hundred day simple moving average is $22.91.

TWFG (NASDAQ:TWFG) last issued its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. The firm had revenue of $72.84 million during the quarter, compared to analyst estimates of $67.67 million. TWFG had a net margin of 3.04% and a return on equity of 15.96%. As a group, analysts anticipate that TWFG, Inc. will post 0.95 earnings per share for the current year.

Hedge Funds Weigh In On TWFG

Hedge funds have recently modified their holdings of the stock. Central Securities Corp acquired a new position in shares of TWFG during the third quarter valued at about $12,348,000. Bamco Inc. NY increased its holdings in shares of 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 acquiring an additional 52,067 shares in the last quarter. Riverbridge Partners LLC increased its holdings in shares of 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 acquiring an additional 51,083 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of TWFG by 8.7% during the third quarter. TD Asset Management Inc now owns 62,362 shares of the company’s stock valued at $1,711,000 after acquiring an additional 4,968 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of TWFG during the first quarter valued at about $1,243,000.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Keefe, Bruyette & Woods lowered their price objective on shares of TWFG from $31.00 to $25.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TWFG in a research note on Monday, May 4th. Wall Street Zen lowered shares of TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Piper Sandler lowered their price objective on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, TWFG currently has an average rating of “Hold” and a consensus price target of $26.00.

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.