King Luther Capital Management Corp lifted its stake in shares of Goosehead Insurance (NASDAQ:GSHD – Free Report) by 13.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 139,973 shares of the company’s stock after purchasing an additional 16,751 shares during the quarter. King Luther Capital Management Corp’s holdings in Goosehead Insurance were worth $10,309,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in GSHD. AQR Capital Management LLC lifted its stake in shares of Goosehead Insurance by 85.7% during the first quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock worth $511,000 after buying an additional 1,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Goosehead Insurance by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after buying an additional 578 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after buying an additional 164,693 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Goosehead Insurance by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock worth $6,894,000 after buying an additional 3,218 shares during the period. Finally, Intech Investment Management LLC lifted its stake in shares of Goosehead Insurance by 28.2% during the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock worth $1,320,000 after buying an additional 2,461 shares during the period.
Insiders Place Their Bets
In other news, General Counsel Martin Ellis Thornthwaite acquired 5,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was bought at an average price of $41.50 per share, with a total value of $207,500.00. Following the completion of the acquisition, the general counsel owned 5,000 shares of the company’s stock, valued at approximately $207,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $41.77, for a total transaction of $3,453,919.53. Following the completion of the transaction, the insider directly owned 7,050,356 shares of the company’s stock, valued at $294,493,370.12. The trade was a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 219,192 shares of company stock valued at $9,092,267 over the last 90 days. 38.07% of the stock is currently owned by insiders.
Goosehead Insurance Price Performance
Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. The company had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. Research analysts expect that Goosehead Insurance will post 1.49 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have recently commented on GSHD shares. Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Truist Financial decreased their target price on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. Citigroup restated an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. Finally, BMO Capital Markets decreased their target price on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $66.73.
Get Our Latest Report on Goosehead Insurance
Goosehead Insurance Company Profile
Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.
Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.
See Also
- Five stocks we like better than Goosehead Insurance
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Want to see what other hedge funds are holding GSHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goosehead Insurance (NASDAQ:GSHD – Free Report).
Receive News & Ratings for Goosehead Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goosehead Insurance and related companies with MarketBeat.com's FREE daily email newsletter.
