Insider Buying: TWFG (NASDAQ:TWFG) Director Buys 11,000 Shares of Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak acquired 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of $19.23 per share, for a total transaction of $211,530.00. Following the completion of the acquisition, the director owned 643,518 shares of the company’s stock, valued at $12,374,851.14. This trade represents a 1.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, May 27th, Michael Doak acquired 24,880 shares of TWFG stock. The shares were bought 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 bought at an average price 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 shares were bought 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 bought at an average price of $18.79 per share, for a total transaction of $295,848.55.

TWFG Stock Down 1.8%

Shares of NASDAQ:TWFG traded down $0.35 during midday trading on Wednesday, reaching $18.57. 202,631 shares of the company were exchanged, compared to its average volume of 235,607. TWFG, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $36.85. 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 stock has a fifty day simple moving average of $18.84 and a two-hundred day simple moving average of $22.95. The firm has a market cap of $1.01 billion, a PE ratio of 34.39 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.29 EPS 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 business had revenue of $72.84 million for the quarter, compared to analyst estimates of $67.67 million. As a group, sell-side analysts forecast that TWFG, Inc. will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On TWFG

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in shares of TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after acquiring an additional 454 shares during the period. Quadrant Capital Group LLC bought a new position in shares of TWFG in the 4th quarter valued at about $68,000. Quantbot Technologies LP grew its position in shares of TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after acquiring an additional 1,395 shares during the period. State of Tennessee Department of Treasury bought a new position in shares of TWFG in the 2nd quarter valued at about $155,000. Finally, Russell Investments Group Ltd. bought a new position in shares of TWFG in the 3rd quarter valued at about $142,000.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TWFG shares. Keefe, Bruyette & Woods lowered their price target on shares of TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley lowered their price target on shares of TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. UBS Group lowered their price target 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. Zacks Research lowered shares of TWFG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Wall Street Zen lowered shares of TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Three 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.00.

About TWFG

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.