TWFG, Inc. (NASDAQ:TWFG - Get Free Report) Director Michael Doak acquired 7,865 shares of the stock in a transaction on Friday, June 5th. The stock was bought at an average price of $19.45 per share, with a total value of $152,974.25. Following the completion of the acquisition, the director directly owned 765,587 shares of the company's stock, valued at $14,890,667.15. This trade represents a 1.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Michael Doak also recently made the following trade(s):
- On Thursday, June 4th, Michael Doak acquired 11,000 shares of TWFG stock. The stock was bought at an average price of $19.09 per share, with a total value of $209,990.00.
- On Wednesday, June 3rd, Michael Doak acquired 22,994 shares of TWFG stock. The stock was bought at an average price 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 stock was bought at an average price 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 stock was bought at an average price of $18.87 per share, with a total value of $213,797.10.
- On Thursday, May 28th, Michael Doak bought 11,000 shares of TWFG stock. The shares were acquired at an average price of $18.87 per share, with a total value of $207,570.00.
- On Wednesday, May 27th, Michael Doak bought 24,880 shares of TWFG stock. The shares were acquired at an average price of $18.62 per share, with a total value of $463,265.60.
- On Tuesday, May 26th, Michael Doak bought 11,000 shares of TWFG stock. The shares were acquired at an average price of $19.23 per share, with a total value of $211,530.00.
- On Friday, May 22nd, Michael Doak bought 11,000 shares of TWFG stock. The shares were acquired at an average price of $18.89 per share, with a total value of $207,790.00.
- On Thursday, May 21st, Michael Doak bought 17,538 shares of TWFG stock. The shares were acquired at an average price 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 opened at $19.89 on Tuesday. The firm has a 50 day moving average price of $18.88 and a 200-day moving average price of $22.49. TWFG, Inc. has a 52-week low of $16.56 and a 52-week high of $36.79. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 36.83 and a beta of 0.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 94.71 and a current ratio of 94.71.
TWFG (NASDAQ:TWFG - Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $67.67 million. Equities research analysts forecast that TWFG, Inc. will post 0.97 EPS for the current fiscal year.
Institutional Investors Weigh In On TWFG
A number of large investors have recently added to or reduced their stakes in TWFG. Capital International Investors grew its position in TWFG by 114.4% in the 4th quarter. Capital International Investors now owns 958,490 shares of the company's stock worth $27,576,000 after purchasing an additional 511,469 shares during the period. Central Securities Corp bought a new stake in TWFG in the 3rd quarter worth approximately $12,348,000. Lord Abbett & CO. LLC grew its position in TWFG by 179.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company's stock worth $7,358,000 after purchasing an additional 164,355 shares during the period. Victory Capital Management Inc. grew its position in TWFG by 57.4% in the 3rd quarter. Victory Capital Management Inc. now owns 351,478 shares of the company's stock worth $9,645,000 after purchasing an additional 128,180 shares during the period. Finally, Giverny Capital Inc. grew its position in TWFG by 68.9% in the 3rd quarter. Giverny Capital Inc. now owns 300,317 shares of the company's stock worth $8,241,000 after purchasing an additional 122,469 shares during the period.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of TWFG from $24.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, May 8th. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of TWFG in a research report on Monday. Zacks Research downgraded shares of TWFG from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 8th. UBS Group reduced their price target on shares of TWFG from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Wednesday, April 8th. Finally, 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, May 21st. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, TWFG presently has a consensus rating of "Hold" and a consensus price target of $25.57.
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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