TWFG (NASDAQ:TWFG) Director Buys $324,803.76 in Stock
by Amy Steele · The Cerbat GemTWFG, Inc. (NASDAQ:TWFG – Get Free Report) Director Michael Doak purchased 17,538 shares of TWFG stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $18.52 per share, for a total transaction of $324,803.76. Following the transaction, the director owned 621,518 shares in the company, valued at approximately $11,510,513.36. This trade represents a 2.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Michael Doak also recently made the following trade(s):
- On Wednesday, May 20th, Michael Doak purchased 15,745 shares of TWFG stock. The shares were purchased at an average cost of $18.79 per share, for a total transaction of $295,848.55.
TWFG Trading Down 0.3%
Shares of TWFG stock traded down $0.05 during trading on Friday, hitting $18.86. 162,361 shares of the stock traded hands, compared to its average volume of 236,168. 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 current ratio of 94.71 and a quick ratio of 94.71. The firm’s fifty day moving average price is $18.88 and its 200-day moving average price is $23.07. The firm has a market capitalization of $1.02 billion, a P/E ratio of 34.93 and a beta of 0.46.
TWFG (NASDAQ:TWFG – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share 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 the consensus estimate of $67.67 million. As a group, research analysts forecast that TWFG, Inc. will post 0.88 earnings per share for the current fiscal year.
Analysts Set New Price Targets
TWFG has been the subject of several research reports. Piper Sandler dropped 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. UBS Group dropped their target price on shares of TWFG from $34.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Keefe, Bruyette & Woods dropped their target price on shares of TWFG from $31.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Morgan Stanley dropped their target price on shares of TWFG from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Wall Street Zen downgraded shares of TWFG from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.00.
Check Out Our Latest Stock Report on TWFG
Hedge Funds Weigh In On TWFG
Several institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. grew its stake in shares of TWFG by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company’s stock worth $81,929,000 after acquiring an additional 26,742 shares in the last quarter. Capital International Investors grew its stake in shares of TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock worth $27,576,000 after acquiring an additional 511,469 shares in the last quarter. Bamco Inc. NY grew its stake in shares of TWFG by 5.8% in the third quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock worth $26,181,000 after acquiring an additional 52,067 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of TWFG by 3.2% in the third quarter. Vanguard Group Inc. now owns 639,711 shares of the company’s stock worth $17,554,000 after acquiring an additional 19,720 shares in the last quarter. Finally, Riverbridge Partners LLC grew its stake in shares of TWFG by 9.4% in the fourth quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock worth $17,082,000 after acquiring an additional 51,083 shares in the last quarter.
TWFG Company Profile
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.