B. Metzler seel. Sohn & Co. AG Has $1.71 Million Stake in Goosehead Insurance $GSHD

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Goosehead Insurance by 17.3% during the first quarter, now holding 14,477 shares valued at approximately $1.7 million.
• Goosehead Insurance reported a Q2 earnings miss with $0.49 EPS, below the consensus estimate of $0.53, despite a year-over-year revenue increase of 20.4%.
• Several analysts have adjusted their target prices for Goosehead Insurance, with BMO Capital Markets lowering its target from $142 to $110, indicating mixed market sentiments.

B. Metzler seel. Sohn & Co. AG cut its position in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 17.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,477 shares of the company's stock after selling 3,030 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Goosehead Insurance were worth $1,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after buying an additional 191 shares in the last quarter. TCTC Holdings LLC boosted its position in Goosehead Insurance by 117.1% in the first quarter. TCTC Holdings LLC now owns 330 shares of the company's stock valued at $39,000 after buying an additional 178 shares in the last quarter. Larson Financial Group LLC boosted its position in Goosehead Insurance by 1,251.6% in the first quarter. Larson Financial Group LLC now owns 419 shares of the company's stock valued at $49,000 after buying an additional 388 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Goosehead Insurance in the first quarter valued at about $53,000. Finally, SVB Wealth LLC acquired a new position in Goosehead Insurance in the first quarter valued at about $62,000.

Insider Buying and Selling

In related news, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $88.23, for a total transaction of $5,293,800.00. Following the completion of the transaction, the insider owned 132,349 shares in the company, valued at approximately $11,677,152.27. This represents a 31.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark E. Jr. Jones bought 1,149 shares of Goosehead Insurance stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average price of $86.08 per share, with a total value of $98,905.92. Following the acquisition, the chief financial officer directly owned 3,491 shares of the company's stock, valued at $300,505.28. The trade was a 49.06% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 244,770 shares of company stock worth $21,568,721. 48.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GSHD shares. Piper Sandler reduced their price target on shares of Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating on the stock in a research report on Tuesday. Zacks Research upgraded shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Keefe, Bruyette & Woods reduced 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. BMO Capital Markets reduced their target price on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, July 25th. Finally, UBS Group reduced their target price on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $109.36.

Goosehead Insurance Stock Up 1.6%

Shares of GSHD stock traded up $1.30 during trading hours on Thursday, hitting $84.19. 172,800 shares of the company were exchanged, compared to its average volume of 288,471. The business has a 50 day moving average of $92.31 and a two-hundred day moving average of $103.61. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10. Goosehead Insurance has a 52 week low of $79.69 and a 52 week high of $130.39. The company has a market capitalization of $3.16 billion, a PE ratio of 74.51, a PEG ratio of 7.09 and a beta of 1.34.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $94.03 million for the quarter, compared to the consensus estimate of $94.18 million. During the same period in the prior year, the company earned $0.43 EPS. The firm's revenue was up 20.4% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. Analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Goosehead Insurance Company 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.