Michael Doak Purchases 22,994 Shares of TWFG (NASDAQ:TWFG) Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak purchased 22,994 shares of the stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average cost of $18.62 per share, with a total value of $428,148.28. Following the transaction, the director owned 746,722 shares in the company, valued at $13,903,963.64. This trade represents a 3.18% increase in their position. The purchase was disclosed in a 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 purchased 11,000 shares of TWFG stock. The shares were purchased at an average cost of $19.09 per share, with a total value of $209,990.00.
• On Monday, June 1st, Michael Doak purchased 16,500 shares of TWFG stock. The shares were purchased at an average cost of $19.33 per share, with a total value of $318,945.00.
• On Friday, May 29th, Michael Doak purchased 11,330 shares of TWFG stock. The shares were purchased at an average cost of $18.87 per share, with a total value of $213,797.10.
• On Thursday, May 28th, Michael Doak purchased 11,000 shares of TWFG stock. The shares were purchased at an average cost of $18.87 per share, with a total value of $207,570.00.
• On Wednesday, May 27th, Michael Doak purchased 24,880 shares of TWFG stock. The shares were purchased at an average cost of $18.62 per share, with a total value of $463,265.60.
• On Tuesday, May 26th, Michael Doak purchased 11,000 shares of TWFG stock. The shares were purchased at an average cost of $19.23 per share, with a total value of $211,530.00.
• On Friday, May 22nd, Michael Doak purchased 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 purchased 17,538 shares of TWFG stock. The shares were purchased at an average cost of $18.52 per share, with a total value of $324,803.76.
• On Wednesday, May 20th, Michael Doak purchased 15,745 shares of TWFG stock. The shares were purchased at an average cost of $18.79 per share, with a total value of $295,848.55.

TWFG Stock Performance

Shares of TWFG opened at $19.87 on Friday. The stock has a 50-day moving average of $18.85 and a two-hundred day moving average of $22.58. TWFG, Inc. has a one year low of $16.56 and a one year high of $36.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71. The stock has a market cap of $1.08 billion, a P/E ratio of 36.80 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The company had revenue of $72.84 million during the quarter, compared to analysts’ expectations of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. As a group, research analysts predict that TWFG, Inc. will post 0.97 EPS for the current year.

Hedge Funds Weigh In On TWFG

Several institutional investors and hedge funds have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its stake in shares of TWFG by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock valued at $81,929,000 after purchasing an additional 26,742 shares in the last quarter. Capital International Investors increased its stake in shares of TWFG by 114.4% in the 4th quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after purchasing an additional 511,469 shares in the last quarter. Bamco Inc. NY increased its stake in shares of TWFG by 5.8% in the 3rd quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock valued at $26,181,000 after purchasing an additional 52,067 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of TWFG by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 639,711 shares of the company’s stock valued at $17,554,000 after purchasing an additional 19,720 shares in the last quarter. Finally, Riverbridge Partners LLC increased its stake in shares of TWFG by 9.4% in the 4th quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock valued at $17,082,000 after purchasing an additional 51,083 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TWFG. Wall Street Zen cut TWFG from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. Piper Sandler decreased their price objective on TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their price objective on TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, UBS Group decreased their price objective on TWFG from $34.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Three investment 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. According to data from MarketBeat, TWFG has a consensus rating of “Hold” and an average price target 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.