Amundi Buys 33,188 Shares of Goosehead Insurance $GSHD

Key Points

• Amundi's Investment Growth: Amundi increased its holdings in Goosehead Insurance by 181.0%, acquiring an additional 33,188 shares during the first quarter, bringing its total to 51,524 shares, valued at approximately $6.2 million.
• Analyst Rating Changes: Recent brokerage reports have trimmed price targets for Goosehead Insurance, with UBS setting a new target of $136.00 and BMO Capital Markets lowering theirs to $110.00, while the stock has an average target price of $109.36 and a predominant rating of "Hold."
• Stock Performance: Goosehead Insurance shares opened at $79.44 and have experienced a decline of 1.5%, with a market cap of $2.98 billion and annual performance ranging between a low of $79.32 and a high of $130.39.

Amundi increased its position in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 181.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,524 shares of the company's stock after buying an additional 33,188 shares during the quarter. Amundi owned 0.14% of Goosehead Insurance worth $6,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in shares of Goosehead Insurance by 192.9% in the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock worth $34,000 after buying an additional 191 shares during the last quarter. TCTC Holdings LLC lifted its holdings in shares of Goosehead Insurance by 117.1% during the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company's stock valued at $39,000 after buying an additional 178 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Goosehead Insurance by 1,251.6% during the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company's stock valued at $49,000 after buying an additional 388 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Goosehead Insurance during the 1st quarter valued at $53,000. Finally, SVB Wealth LLC purchased a new stake in shares of Goosehead Insurance in the 1st quarter worth $62,000.

Analysts Set New Price Targets

Several brokerages recently weighed in on GSHD. UBS Group dropped their target price on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a report on Monday, July 28th. Keefe, Bruyette & Woods cut their target price on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Zacks Research raised shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating for the company in a research report on Friday, July 25th. Finally, Piper Sandler decreased their target price on Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned 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 stock presently has an average rating of "Hold" and an average target price of $109.36.

Goosehead Insurance Stock Down 1.5%

Shares of Goosehead Insurance stock opened at $79.44 on Thursday. The company has a market cap of $2.98 billion, a P/E ratio of 70.30, a PEG ratio of 6.90 and a beta of 1.34. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92. Goosehead Insurance has a one year low of $79.32 and a one year high of $130.39. The firm has a fifty day moving average of $90.57 and a two-hundred day moving average of $102.77.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.The firm had revenue of $94.03 million for the quarter, compared to analysts' expectations of $94.18 million. During the same quarter in the previous year, the company posted $0.43 EPS. The firm's quarterly revenue was up 20.4% compared to the same quarter last year. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Activity

In related news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total value of $258,900.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $87.01, for a total transaction of $52,206.00. Following the completion of the transaction, the insider directly owned 132,349 shares of the company's stock, valued at $11,515,686.49. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 244,770 shares of company stock worth $21,568,721 over the last quarter. Insiders own 48.35% of the company's stock.

Goosehead Insurance Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.