Louisiana State Employees Retirement System Takes $469,000 Position in Goosehead Insurance $GSHD

Louisiana State Employees Retirement System purchased a new position in Goosehead Insurance (NASDAQ:GSHD) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 11,000 shares of the company’s stock, valued at approximately $469,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GSHD. Durable Capital Partners LP lifted its holdings in Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock worth $114,769,000 after buying an additional 861,374 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Goosehead Insurance by 38.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after acquiring an additional 556,293 shares in the last quarter. Langdon Equity Partners purchased a new position in shares of Goosehead Insurance in the 4th quarter valued at $41,892,000. Whitebark Investors LP purchased a new position in shares of Goosehead Insurance in the 3rd quarter valued at $25,229,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Goosehead Insurance in the 3rd quarter worth $25,222,000.

Goosehead Insurance Trading Up 2.3%

Shares of GSHD opened at $56.90 on Thursday. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $104.00. The stock has a fifty day moving average price of $41.52 and a 200-day moving average price of $50.65. The firm has a market cap of $2.03 billion, a PE ratio of 49.91, a P/E/G ratio of 1.93 and a beta of 1.41.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The firm had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, research analysts forecast that Goosehead Insurance will post 1.48 EPS for the current year.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $40.76, for a total value of $390,806.88. Following the completion of the sale, the insider owned 6,995,180 shares of the company’s stock, valued at approximately $285,123,536.80. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Arthur Martin purchased 5,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were acquired at an average price of $34.73 per share, for a total transaction of $173,650.00. Following the purchase, the chief financial officer directly owned 5,000 shares of the company’s stock, valued at approximately $173,650. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 12,800 shares of company stock valued at $480,718 and have sold 219,192 shares valued at $9,092,267. 38.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GSHD shares. Weiss Ratings cut Goosehead Insurance from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 24th. Piper Sandler cut their target price on Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. UBS Group boosted their target price on shares of Goosehead Insurance from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Cantor Fitzgerald lowered their price target on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Goosehead Insurance has an average rating of “Hold” and an average price target of $65.36.

About Goosehead Insurance

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.