Michael Doak Purchases 17,538 Shares of TWFG (NASDAQ:TWFG) Stock

TWFG, Inc. (NASDAQ:TWFG) Director Michael Doak bought 17,538 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of $18.52 per share, with a total value of $324,803.76. Following the transaction, the director directly owned 621,518 shares of the company’s stock, valued at approximately $11,510,513.36. This trade represents a 2.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, May 20th, Michael Doak bought 15,745 shares of TWFG stock. The shares were bought at an average cost of $18.79 per share, with a total value of $295,848.55.

TWFG Stock Down 0.3%

Shares of TWFG stock opened at $18.86 on Friday. The stock has a market capitalization of $1.02 billion, a P/E ratio of 34.93 and a beta of 0.46. 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 50 day moving average price of $18.87 and a two-hundred day moving average price of $23.04. TWFG, Inc. has a 12-month low of $16.56 and a 12-month high of $36.85.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate 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. Equities analysts expect that TWFG, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TWFG. Keefe, Bruyette & Woods reduced their price objective 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. Piper Sandler reduced their price objective on TWFG from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. UBS Group reduced their price objective on TWFG from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Wall Street Zen lowered TWFG from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Morgan Stanley cut their target price on TWFG from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, TWFG presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of TWFG by 26.7% in the first quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock valued at $995,000 after purchasing an additional 11,415 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of TWFG by 201.9% in the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock valued at $2,176,000 after purchasing an additional 79,127 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of TWFG in the first quarter valued at $1,243,000. Bank of New York Mellon Corp raised its stake in shares of TWFG by 20.1% in the first quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock valued at $270,000 after purchasing an additional 2,459 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of TWFG by 0.9% in the fourth 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.

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.