TWFG (NASDAQ:TWFG) Director Michael Doak Purchases 16,500 Shares

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak bought 16,500 shares of the stock in a transaction on Monday, June 1st. The stock was purchased at an average price of $19.33 per share, for a total transaction of $318,945.00. Following the purchase, the director directly owned 707,228 shares of the company’s stock, valued at approximately $13,670,717.24. This represents a 2.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, May 29th, Michael Doak bought 11,330 shares of TWFG stock. The stock was purchased at an average price 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 stock was purchased at an average price 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 stock was purchased at an average price 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 stock was purchased 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 purchased at an average price 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 stock was purchased at an average price 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 stock was purchased at an average price of $18.79 per share, for a total transaction of $295,848.55.

TWFG Stock Performance

Shares of NASDAQ TWFG opened at $19.10 on Wednesday. TWFG, Inc. has a one year low of $16.56 and a one year high of $36.79. The business’s 50-day moving average price is $18.79 and its two-hundred day moving average price is $22.77. The company has a market capitalization of $1.03 billion, a P/E ratio of 35.37 and a beta of 0.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71.

TWFG (NASDAQ:TWFG) last announced 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 return on equity of 15.96% and a net margin of 3.04%.The company had revenue of $72.84 million during the quarter, compared to analysts’ expectations of $67.67 million. Analysts anticipate that TWFG, Inc. will post 0.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TWFG

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of TWFG by 26.7% during the 1st quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock worth $995,000 after purchasing an additional 11,415 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of TWFG by 201.9% during the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock worth $2,176,000 after purchasing an additional 79,127 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of TWFG during the 1st quarter worth about $1,243,000. Bank of New York Mellon Corp lifted its position in shares of TWFG by 20.1% during the 1st quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock worth $270,000 after purchasing an additional 2,459 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of TWFG by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock worth $81,929,000 after purchasing an additional 26,742 shares during the last quarter.

Analyst Ratings Changes

TWFG has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TWFG in a research report on Monday, May 4th. Piper Sandler reduced their price target on TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Keefe, Bruyette & Woods reduced 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. Morgan Stanley reduced 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, Zacks Research cut TWFG from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.