California State Teachers Retirement System Boosts Stake in Goosehead Insurance $GSHD

California State Teachers Retirement System boosted its position in Goosehead Insurance (NASDAQ:GSHDFree Report) by 45.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,351 shares of the company’s stock after purchasing an additional 11,072 shares during the period. California State Teachers Retirement System’s holdings in Goosehead Insurance were worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. AQR Capital Management LLC grew 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 valued at $511,000 after buying an additional 1,999 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Goosehead Insurance by 4.5% in 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 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after acquiring an additional 164,693 shares during the last quarter. 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 1st 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 acquiring an additional 3,218 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in Goosehead Insurance by 28.2% during the 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock valued at $1,320,000 after acquiring an additional 2,461 shares during the period.

Insiders Place Their Bets

In other news, major shareholder & Robyn Jones Descendants Mark sold 125,000 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $69.71, for a total transaction of $8,713,750.00. Following the transaction, the insider owned 6,870,180 shares in the company, valued at approximately $478,920,247.80. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Durable Capital Partners Lp acquired 113,646 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was purchased at an average price of $58.34 per share, with a total value of $6,630,107.64. Following the completion of the acquisition, the insider directly owned 2,493,927 shares of the company’s stock, valued at $145,495,701.18. This represents a 4.77% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 202,779 shares of company stock worth $11,829,350 and have sold 468,616 shares worth $26,163,838. 38.07% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GSHD has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut their price objective on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Piper Sandler boosted their target price on shares of Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada upped their price target on shares of Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings raised shares of Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $68.45.

Read Our Latest Analysis on GSHD

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD opened at $67.40 on Friday. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 49.20, a PEG ratio of 2.35 and a beta of 1.38. The stock has a 50 day moving average price of $52.16 and a 200 day moving average price of $48.36. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $90.16.

Goosehead Insurance (NASDAQ:GSHDGet Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.47 by $0.17. The company had revenue of $95.63 million for the quarter, compared to the consensus estimate of $103.30 million. Goosehead Insurance had a negative return on equity of 21.00% and a net margin of 8.78%.Goosehead Insurance’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. Analysts forecast that Goosehead Insurance will post 1.45 earnings per share for the current year.

Goosehead Insurance Profile

(Free Report)

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

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:GSHDFree Report).

Institutional Ownership by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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.