TWFG (NASDAQ:TWFG) Director Michael Doak Buys 11,000 Shares

Key Points

• Director Michael Doak bought 11,000 TWFG shares on May 22 at $18.89 each, a $207,790 purchase that lifted his direct stake to 632,518 shares.
• Doak also made several additional purchases in late May, including 24,880 shares on May 27 and 11,000 shares on May 26, signaling continued insider buying.
• TWFG shares were trading around $18.57, and the company recently reported better-than-expected quarterly results with EPS of $0.29 versus a $0.20 estimate and revenue of $72.84 million versus $67.67 million expected.

TWFG, Inc. (NASDAQ:TWFG - Get Free Report) Director Michael Doak purchased 11,000 shares of the business's stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of $18.89 per share, with a total value of $207,790.00. Following the completion of the acquisition, the director directly owned 632,518 shares in the company, valued at $11,948,265.02. The trade was a 1.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, May 27th, Michael Doak acquired 24,880 shares of TWFG stock. The stock was acquired at an average cost 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 acquired at an average price of $19.23 per share, for a total transaction of $211,530.00.
• On Thursday, May 21st, Michael Doak bought 17,538 shares of TWFG stock. The shares were acquired at an average cost of $18.52 per share, with a total value of $324,803.76.
• On Wednesday, May 20th, Michael Doak bought 15,745 shares of TWFG stock. The shares were acquired at an average price of $18.79 per share, with a total value of $295,848.55.

TWFG Price Performance

TWFG stock traded down $0.35 during mid-day trading on Wednesday, hitting $18.57. The company's stock had a trading volume of 202,631 shares, compared to its average volume of 235,607. The stock has a market capitalization of $1.01 billion, a P/E ratio of 34.39 and a beta of 0.46. TWFG, Inc. has a twelve month low of $16.56 and a twelve month high of $36.85. The stock's fifty day moving average price is $18.84 and its two-hundred day moving average price is $22.95. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.09. The business had revenue of $72.84 million during the quarter, compared to analyst estimates of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. Research analysts forecast that TWFG, Inc. will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On TWFG

Several large investors have recently made changes to their positions in TWFG. Bank of America Corp DE raised its position in TWFG by 26.7% during the first quarter. Bank of America Corp DE now owns 54,111 shares of the company's stock valued at $995,000 after acquiring an additional 11,415 shares in the last quarter. Renaissance Technologies LLC grew its position in TWFG by 201.9% in the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company's stock worth $2,176,000 after acquiring an additional 79,127 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of TWFG during the 1st quarter worth $1,243,000. Bank of New York Mellon Corp increased its stake 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. raised its holdings 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 valued at $81,929,000 after purchasing an additional 26,742 shares in the last quarter.

Analyst Ratings Changes

TWFG has been the topic of several analyst reports. Morgan Stanley dropped their target price on shares of TWFG from $24.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 21st. Piper Sandler reduced their price target 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. Wall Street Zen cut shares of TWFG from a "buy" rating to a "hold" rating in a research report on Sunday, May 3rd. Weiss Ratings reissued a "sell (d+)" rating on shares of TWFG in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their target price on TWFG from $27.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.

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