TWFG, Inc. (NASDAQ:TWFG – Get Free Report) Director Michael Doak acquired 16,500 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 707,228 shares in the company, valued at approximately $13,670,717.24. This represents a 2.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Michael Doak also recently made the following trade(s):
- On Friday, May 29th, Michael Doak acquired 11,330 shares of TWFG stock. The shares were acquired at an average cost 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 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 acquired 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 acquired 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 Friday, May 22nd, Michael Doak acquired 11,000 shares of TWFG stock. The shares were bought at an average cost 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 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 stock was purchased at an average cost of $18.79 per share, with a total value of $295,848.55.
TWFG Price Performance
NASDAQ TWFG traded down $0.09 during mid-day trading on Tuesday, hitting $19.11. The stock had a trading volume of 443,421 shares, compared to its average volume of 247,242. TWFG, Inc. has a 52-week low of $16.56 and a 52-week high of $36.85. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 35.44 and a beta of 0.46. The company has a 50 day simple moving average of $18.79 and a 200 day simple moving average 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.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of TWFG by 26.7% in the 1st quarter. Bank of America Corp DE now owns 54,111 shares of the company’s stock worth $995,000 after buying an additional 11,415 shares during the period. Renaissance Technologies LLC raised its position in TWFG by 201.9% in the first quarter. Renaissance Technologies LLC now owns 118,327 shares of the company’s stock valued at $2,176,000 after purchasing an additional 79,127 shares during the period. Dimensional Fund Advisors LP purchased a new position in TWFG in the first quarter valued at about $1,243,000. Bank of New York Mellon Corp raised its position in TWFG by 20.1% in the first quarter. Bank of New York Mellon Corp now owns 14,691 shares of the company’s stock valued at $270,000 after purchasing an additional 2,459 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in 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 valued at $81,929,000 after purchasing an additional 26,742 shares during the period.
Analyst Ratings Changes
A number of equities research analysts have commented on TWFG shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of TWFG in a report on Monday, May 4th. JPMorgan Chase & Co. lowered their target price on TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Keefe, Bruyette & Woods decreased their price objective on TWFG from $31.00 to $25.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Wall Street Zen cut TWFG from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Zacks Research cut TWFG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.00.
Get Our Latest Analysis on TWFG
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.
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