Key Points
- Director Michael Doak bought 15,745 TWFG shares on May 20 at an average price of $18.79, a purchase worth about $295,849. The trade increased his holdings by 2.68% to 603,980 shares.
- TWFG also reported a recent second insider purchase by Doak on May 21, when he bought 17,538 shares at an average price of $18.52 for about $324,804.
- Shares were little changed and the stock opened at $18.86, while the company’s latest earnings beat expectations with EPS of $0.29 versus $0.20 expected and revenue of $72.84 million versus $67.67 million expected.
TWFG, Inc. (NASDAQ:TWFG - Get Free Report) Director Michael Doak acquired 15,745 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $18.79 per share, with a total value of $295,848.55. Following the transaction, the director owned 603,980 shares of the company's stock, valued at approximately $11,348,784.20. This trade represents a 2.68% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Michael Doak also recently made the following trade(s):
- On Thursday, May 21st, Michael Doak purchased 17,538 shares of TWFG stock. The shares were bought at an average price of $18.52 per share, with a total value of $324,803.76.
TWFG Stock Down 0.3%
TWFG opened at $18.86 on Friday. TWFG, Inc. has a twelve month low of $16.56 and a twelve month 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 company has a 50-day moving average price of $18.87 and a 200 day moving average price of $23.04. The company has a market cap of $1.02 billion, a PE ratio of 34.93 and a beta of 0.46.
TWFG (NASDAQ:TWFG - Get Free Report) last released its quarterly earnings results 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. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The firm had revenue of $72.84 million during the quarter, compared to the consensus estimate of $67.67 million. Sell-side analysts expect that TWFG, Inc. will post 0.88 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its holdings in TWFG by 102.7% in the fourth 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 last quarter. Quadrant Capital Group LLC acquired a new position in TWFG in the fourth quarter valued at approximately $68,000. Quantbot Technologies LP lifted its holdings in TWFG by 52.5% in the second 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 last quarter. State of Tennessee Department of Treasury acquired a new position in TWFG in the second quarter valued at approximately $155,000. Finally, Russell Investments Group Ltd. acquired a new position in TWFG in the third quarter valued at approximately $142,000.
Analyst Ratings Changes
Several research analysts recently weighed in on TWFG shares. Morgan Stanley reduced their price target 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. 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 downgraded shares of TWFG from a "buy" rating to a "hold" rating in a research report on Sunday, May 3rd. Weiss Ratings restated a "sell (d+)" rating on shares of TWFG in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of TWFG from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $26.00.
Get Our Latest Analysis on TWFG
About TWFG
(
Get Free Report)
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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