Key Points
- Director Michael Doak bought 16,500 TWFG shares on June 1 at an average price of $19.33, a $318,945 purchase that raised his holdings to 707,228 shares.
- Doak has been actively buying TWFG stock throughout late May, with multiple purchases totaling tens of thousands of shares across several trading days.
- TWFG recently reported better-than-expected quarterly results, and the stock currently carries a Wall Street consensus rating of Hold with an average target price of $26.00.
TWFG, Inc. (NASDAQ:TWFG - Get Free Report) Director Michael Doak acquired 16,500 shares of the business's stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average cost of $19.33 per share, with a total value of $318,945.00. Following the transaction, the director directly owned 707,228 shares in the company, valued at $13,670,717.24. The trade was a 2.39% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Michael Doak also recently made the following trade(s):
- On Friday, May 29th, Michael Doak purchased 11,330 shares of TWFG stock. The stock was purchased at an average cost of $18.87 per share, with a total value of $213,797.10.
- On Thursday, May 28th, Michael Doak purchased 11,000 shares of TWFG stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was purchased 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 stock was purchased at an average cost of $18.79 per share, with a total value of $295,848.55.
TWFG Trading Down 0.5%
TWFG stock opened at $19.10 on Wednesday. The business has a 50 day moving average price of $18.79 and a two-hundred day moving average price of $22.77. 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 market cap of $1.03 billion, a price-to-earnings ratio of 35.37 and a beta of 0.46. TWFG, Inc. has a 12 month low of $16.56 and a 12 month high of $36.79.
TWFG (NASDAQ:TWFG - Get Free Report) last posted 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. The firm had revenue of $72.84 million during the quarter, compared to analysts' expectations of $67.67 million. TWFG had a return on equity of 15.96% and a net margin of 3.04%. As a group, equities analysts forecast that TWFG, Inc. will post 0.97 EPS for the current year.
Institutional Investors Weigh In On TWFG
Several large investors have recently modified their holdings of TWFG. Capital International Investors grew its stake in shares of TWFG by 114.4% in the 4th quarter. Capital International Investors now owns 958,490 shares of the company's stock valued at $27,576,000 after purchasing an additional 511,469 shares during the period. Central Securities Corp acquired a new stake in TWFG during the 3rd quarter valued at $12,348,000. Lord Abbett & CO. LLC increased its holdings in TWFG by 179.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company's stock valued at $7,358,000 after purchasing an additional 164,355 shares in the last quarter. Victory Capital Management Inc. increased its holdings in TWFG by 57.4% during the 3rd quarter. Victory Capital Management Inc. now owns 351,478 shares of the company's stock valued at $9,645,000 after purchasing an additional 128,180 shares in the last quarter. Finally, Giverny Capital Inc. increased its holdings in TWFG by 68.9% during the 3rd quarter. Giverny Capital Inc. now owns 300,317 shares of the company's stock valued at $8,241,000 after purchasing an additional 122,469 shares in the last quarter.
Analysts Set New Price Targets
Several research firms have commented on TWFG. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of TWFG in a report on Monday, May 4th. JPMorgan Chase & Co. lowered their price objective on TWFG from $27.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, April 9th. Zacks Research lowered TWFG from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 8th. UBS Group lowered their price objective on TWFG from $34.00 to $31.00 and set a "buy" rating on the stock in a research note on Wednesday, April 8th. Finally, Wall Street Zen lowered TWFG from a "buy" rating to a "hold" rating in a research note on Sunday, May 3rd. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $26.00.
View 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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