Goosehead Insurance $GSHD Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in Goosehead Insurance (NASDAQ:GSHD) by 42.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,164 shares of the company’s stock after buying an additional 8,720 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Goosehead Insurance were worth $1,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GSHD. EverSource Wealth Advisors LLC raised its position in Goosehead Insurance by 480.4% during the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after acquiring an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after purchasing an additional 393 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Goosehead Insurance in the 4th quarter worth approximately $41,000. Quadrant Capital Group LLC grew its stake in shares of Goosehead Insurance by 614.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $74,000 after purchasing an additional 860 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Goosehead Insurance during the 4th quarter worth approximately $79,000.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GSHD. 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. Bank of America dropped their price target on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Citizens Jmp cut their price objective on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $76.00 price objective on shares of Goosehead Insurance in a research report on Thursday, July 23rd. Finally, UBS Group increased their target price on shares of Goosehead Insurance from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and an average target price of $68.45.

Goosehead Insurance Stock Up 5.9%

Shares of GSHD opened at $65.65 on Tuesday. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $90.79. The stock has a market cap of $2.33 billion, a PE ratio of 47.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The firm’s fifty day moving average is $47.36 and its two-hundred day moving average is $48.59.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.17. The business had revenue of $95.63 million during the quarter, compared to analysts’ expectations of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. As a group, research analysts anticipate that Goosehead Insurance will post 1.45 earnings per share for the current year.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston acquired 2,800 shares of the business’s stock in a transaction on Friday, May 29th. The stock was bought at an average price of $35.56 per share, for a total transaction of $99,568.00. Following the acquisition, the insider owned 7,800 shares in the company, valued at approximately $277,368. The trade was a 56.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 2,519 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $66.27, for a total transaction of $166,934.13. Following the completion of the transaction, the insider directly owned 6,870,180 shares in the company, valued at $455,286,828.60. This trade represents a 0.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have bought 166,523 shares of company stock worth $9,584,378 and have sold 346,135 shares worth $18,129,533. 38.07% of the stock is currently owned by insiders.

Goosehead Insurance 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.