Key Points
- Director Michael Doak bought 24,880 TWFG shares on May 27 at an average price of $18.62, spending about $463,265.60. After the purchase, he owned 668,398 shares valued at roughly $12.45 million.
- Doak has been actively buying shares recently, with multiple purchases in the prior week totaling several hundred thousand dollars. The repeated buying suggests continued insider confidence in the stock.
- TWFG recently reported better-than-expected quarterly results, posting EPS of $0.29 versus the $0.20 consensus and revenue of $72.84 million versus $67.67 million expected. Even so, analyst sentiment remains cautious, with an average rating of Hold and a consensus target price of $26.00.
TWFG, Inc. (NASDAQ:TWFG - Get Free Report) Director Michael Doak purchased 11,000 shares of TWFG stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $18.89 per share, with a total value of $207,790.00. Following the completion of the transaction, the director directly owned 632,518 shares of the company's stock, valued at approximately $11,948,265.02. The trade was a 1.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Michael Doak also recently made the following trade(s):
- On Wednesday, May 27th, Michael Doak purchased 24,880 shares of TWFG stock. The shares were bought 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 bought at an average cost of $19.23 per share, with a total value of $211,530.00.
- On Thursday, May 21st, Michael Doak purchased 17,538 shares of TWFG stock. The shares were bought 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 bought at an average cost of $18.79 per share, with a total value of $295,848.55.
TWFG Stock Performance
Shares of NASDAQ TWFG opened at $18.57 on Thursday. The stock has a 50 day moving average price of $18.81 and a 200 day moving average price of $22.91. TWFG, Inc. has a 52 week low of $16.56 and a 52 week high of $36.85. 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 capitalization of $1.01 billion, a PE ratio of 34.39 and a beta of 0.46.
TWFG (NASDAQ:TWFG - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.29 EPS 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 firm had revenue of $72.84 million during the quarter, compared to analysts' expectations of $67.67 million. Analysts predict that TWFG, Inc. will post 0.95 earnings per share for the current fiscal year.
Hedge Funds Weigh In On TWFG
Large investors have recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of TWFG by 102.7% during the fourth 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. Quadrant Capital Group LLC bought a new position in TWFG during the 4th quarter worth $68,000. Quantbot Technologies LP increased its stake in 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 acquiring an additional 1,395 shares during the period. State of Tennessee Department of Treasury bought a new position in TWFG during the 2nd quarter worth $155,000. Finally, Russell Investments Group Ltd. bought a new position in TWFG during the 3rd quarter worth $142,000.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on TWFG. Wall Street Zen cut TWFG from a "buy" rating to a "hold" rating in a research report on Sunday, May 3rd. Zacks Research lowered TWFG from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 8th. Piper Sandler lowered their target price on TWFG from $24.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, May 8th. Morgan Stanley lowered their target price on TWFG from $24.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 21st. Finally, UBS Group lowered their target price on TWFG from $34.00 to $31.00 and set a "buy" rating on the stock in a research note on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $26.00.
Check Out 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.
Further Reading
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