Key Points
- Director Michael Doak bought 11,000 TWFG shares on June 4 at an average price of $19.09, worth about $209,990. After the purchase, he held 757,722 shares valued at roughly $14.46 million.
- Doak has been actively buying shares throughout late May and early June, with multiple purchases totaling tens of thousands of shares across several transactions. The repeated insider buying suggests ongoing confidence in the company.
- TWFG recently reported better-than-expected quarterly results, posting EPS of $0.29 versus estimates of $0.20 and revenue of $72.84 million versus expectations of $67.67 million. Despite that, analysts currently rate the stock a cautious Hold overall with an average price target of $26.
TWFG, Inc. (NASDAQ:TWFG - Get Free Report) Director Michael Doak acquired 11,000 shares of TWFG stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average cost of $19.09 per share, with a total value of $209,990.00. Following the transaction, the director owned 757,722 shares of the company's stock, valued at approximately $14,464,912.98. The trade was a 1.47% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Michael Doak also recently made the following trade(s):
- On Wednesday, June 3rd, Michael Doak acquired 22,994 shares of TWFG stock. The shares were purchased at an average cost of $18.62 per share, with a total value of $428,148.28.
- On Monday, June 1st, Michael Doak acquired 16,500 shares of TWFG stock. The shares were purchased at an average cost of $19.33 per share, with a total value of $318,945.00.
- On Friday, May 29th, Michael Doak acquired 11,330 shares of TWFG stock. The shares were purchased at an average cost of $18.87 per share, with a total value of $213,797.10.
- On Thursday, May 28th, Michael Doak acquired 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 acquired 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 acquired 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 acquired 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 acquired 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 shares were purchased at an average cost of $18.79 per share, with a total value of $295,848.55.
TWFG Price Performance
TWFG opened at $18.95 on Friday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 35.09 and a beta of 0.46. TWFG, Inc. has a 1 year low of $16.56 and a 1 year high of $36.79. The company has a current ratio of 94.71, a quick ratio of 94.71 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $18.81 and a 200 day moving average price of $22.60.
TWFG (NASDAQ:TWFG - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 forecast that TWFG, Inc. will post 0.97 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on TWFG. Zacks Research cut TWFG from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 8th. Piper Sandler reduced their price target on TWFG from $24.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, May 8th. UBS Group reduced their price target on TWFG from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Wednesday, April 8th. Wall Street Zen cut TWFG from a "buy" rating to a "hold" rating in a research report on Sunday, May 3rd. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of TWFG in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $26.00.
Check Out Our Latest Stock Report on TWFG
Hedge Funds Weigh In On TWFG
Institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp increased its stake in shares of TWFG by 102.7% in 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 shares of TWFG in the fourth quarter worth about $68,000. Quantbot Technologies LP increased its stake in shares of TWFG by 52.5% in the second 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. Russell Investments Group Ltd. bought a new position in shares of TWFG in the third quarter worth about $142,000. Finally, State of Tennessee Department of Treasury bought a new position in shares of TWFG in the second quarter worth about $155,000.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
