Goosehead Insurance $GSHD Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its holdings in Goosehead Insurance (NASDAQ:GSHD) by 68.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,972 shares of the company’s stock after selling 21,596 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Goosehead Insurance were worth $1,052,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Caxton Associates LLP purchased a new position in shares of Goosehead Insurance during the second quarter worth about $2,140,000. Public Sector Pension Investment Board lifted its position in Goosehead Insurance by 10.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 85,443 shares of the company’s stock worth $9,015,000 after acquiring an additional 8,109 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Goosehead Insurance by 5.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 26,643 shares of the company’s stock valued at $2,812,000 after purchasing an additional 1,450 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Goosehead Insurance by 114.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,054 shares of the company’s stock valued at $217,000 after purchasing an additional 1,097 shares during the period. Finally, Ewing Morris & Co. Investment Partners Ltd. raised its stake in shares of Goosehead Insurance by 18.4% during the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 64,396 shares of the company’s stock worth $6,794,000 after purchasing an additional 10,000 shares during the last quarter.

Insider Transactions at Goosehead Insurance

In other news, General Counsel John Terry O’connor purchased 2,100 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average price of $71.81 per share, for a total transaction of $150,801.00. Following the acquisition, the general counsel directly owned 3,100 shares in the company, valued at approximately $222,611. The trade was a 210.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Miller acquired 5,000 shares of Goosehead Insurance stock in a transaction that occurred on Friday, November 28th. The shares were purchased at an average cost of $72.34 per share, with a total value of $361,700.00. Following the completion of the acquisition, the chief executive officer owned 35,000 shares of the company’s stock, valued at $2,531,900. The trade was a 16.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 7,973 shares of company stock worth $577,487 over the last quarter. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Stock Up 1.0%

Shares of GSHD opened at $75.87 on Thursday. Goosehead Insurance has a 52-week low of $64.40 and a 52-week high of $127.99. The company has a 50-day simple moving average of $71.45 and a 200-day simple moving average of $82.54. The company has a market capitalization of $2.80 billion, a PE ratio of 67.14, a P/E/G ratio of 12.50 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.The company had revenue of $90.44 million for the quarter, compared to analysts’ expectations of $94.25 million. During the same period in the prior year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. On average, research analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GSHD. JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Goosehead Insurance in a research note on Friday, October 31st. Jefferies Financial Group initiated coverage on shares of Goosehead Insurance in a report on Monday, December 1st. They set a “buy” rating and a $93.00 price target for the company. Finally, JMP Securities lowered their price objective on Goosehead Insurance from $150.00 to $140.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $92.20.

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.