Bank of America Corp DE grew its holdings in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 28.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 329,333 shares of the company's stock after acquiring an additional 72,527 shares during the quarter. Bank of America Corp DE owned about 0.92% of Goosehead Insurance worth $14,049,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in GSHD. Janus Henderson Group PLC raised its holdings in shares of Goosehead Insurance by 3,485.1% during the 1st quarter. Janus Henderson Group PLC now owns 386,906 shares of the company's stock valued at $16,506,000 after buying an additional 376,114 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Goosehead Insurance by 45.6% in the 1st quarter. California State Teachers Retirement System now owns 35,351 shares of the company's stock worth $1,508,000 after buying an additional 11,072 shares during the period. Royal Bank of Canada increased its stake in shares of Goosehead Insurance by 8.9% in the 1st quarter. Royal Bank of Canada now owns 73,306 shares of the company's stock worth $3,127,000 after acquiring an additional 5,965 shares in the last quarter. Quantinno Capital Management LP lifted its position in Goosehead Insurance by 52.7% during the 1st quarter. Quantinno Capital Management LP now owns 31,878 shares of the company's stock valued at $1,360,000 after acquiring an additional 11,003 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Goosehead Insurance in the 1st quarter worth approximately $1,075,000.
Insider Buying and Selling at Goosehead Insurance
In related news, major shareholder Durable Capital Partners Lp bought 36,256 shares of the stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of $61.92 per share, with a total value of $2,244,971.52. Following the completion of the acquisition, the insider owned 2,570,260 shares of the company's stock, valued at $159,150,499.20. This represents a 1.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 5,000 shares of Goosehead Insurance stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $65.20, for a total transaction of $326,000.00. Following the transaction, the insider directly owned 280,027 shares of the company's stock, valued at $18,257,760.40. The trade was a 1.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders purchased 197,779 shares of company stock valued at $11,621,850 and sold 315,176 shares valued at $19,783,657. Insiders own 38.07% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $76.00 price objective on shares of Goosehead Insurance in a research report on Thursday, July 23rd. UBS Group increased their target price on Goosehead Insurance from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. JPMorgan Chase & Co. raised their price target on Goosehead Insurance from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Monday, July 13th. Royal Bank Of Canada lifted their price target on Goosehead Insurance from $55.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Goosehead Insurance from $80.00 to $72.00 and set an "outperform" rating on the stock in a research note on Thursday, July 23rd. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Goosehead Insurance has a consensus rating of "Hold" and a consensus price target of $68.45.
Check Out Our Latest Report on GSHD
Goosehead Insurance Trading Up 2.6%
GSHD opened at $72.52 on Friday. The company's 50 day moving average is $55.84 and its 200 day moving average is $48.64. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 52.93, a PEG ratio of 2.53 and a beta of 1.38. Goosehead Insurance has a 12-month low of $33.68 and a 12-month high of $90.16.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.17. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The business had revenue of $95.63 million for the quarter, compared to analysts' expectations of $103.30 million. During the same quarter last year, the company posted $0.49 EPS. The company's revenue was up 20.6% compared to the same quarter last year. As a group, analysts predict that Goosehead Insurance will post 1.45 EPS for the current fiscal year.
About Goosehead Insurance
(
Free Report)
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.
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