TWFG (NASDAQ:TWFG) Director Michael Doak Acquires 11,330 Shares

Key Points

• TWFG Director Michael Doak bought 11,330 shares on May 29 at $18.87 each, a transaction worth about $213,797. After the purchase, he owned 690,728 shares valued at roughly $13.0 million.
• The May 29 purchase was part of a series of recent insider buys by Doak, including several large purchases in the prior week, indicating sustained buying activity in TWFG shares.
• TWFG recently beat quarterly earnings and revenue estimates, but analyst sentiment remains mixed: the stock has a consensus rating of “Hold” with a $26 target price, while several firms have recently cut price targets.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report) Director Michael Doak purchased 11,330 shares of the firm's stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $18.87 per share, with a total value of $213,797.10. Following the completion of the transaction, the director owned 690,728 shares of the company's stock, valued at approximately $13,034,037.36. The trade was a 1.67% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 acquired 15,745 shares of TWFG stock. The stock was bought at an average cost of $18.79 per share, with a total value of $295,848.55.

TWFG Stock Performance

Shares of TWFG stock traded up $0.01 during midday trading on Friday, hitting $18.77. The company had a trading volume of 321,631 shares, compared to its average volume of 235,658. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 34.76 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 company has a fifty day simple moving average of $18.79 and a 200 day simple moving average of $22.86. TWFG, Inc. has a 12-month low of $16.56 and a 12-month high of $36.85.

TWFG (NASDAQ:TWFG - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate 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 predict that TWFG, Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

TWFG has been the subject of several research analyst reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of TWFG in a research report on Monday, May 4th. Keefe, Bruyette & Woods decreased 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 report on Tuesday, April 7th. Piper Sandler decreased their price objective on shares of TWFG from $24.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, May 8th. Morgan Stanley decreased their price objective on shares of 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, Wall Street Zen lowered shares of TWFG from a "buy" rating to a "hold" rating in a research report on Sunday, May 3rd. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.00.

Hedge Funds Weigh In On TWFG

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp grew its stake in shares of TWFG by 102.7% during the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company's stock worth $26,000 after purchasing an additional 454 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in shares of TWFG by 7.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company's stock worth $382,000 after purchasing an additional 970 shares during the period. Quantbot Technologies LP grew its stake in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company's stock worth $142,000 after purchasing an additional 1,395 shares during the period. State of Wyoming grew its stake in shares of TWFG by 42.0% during the 2nd quarter. State of Wyoming now owns 5,188 shares of the company's stock worth $182,000 after purchasing an additional 1,535 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of TWFG by 5.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company's stock worth $950,000 after purchasing an additional 1,800 shares during the period.

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.

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