Callan Family Office LLC Invests $627,000 in Goosehead Insurance $GSHD

Key Points

• Callan Family Office LLC made a significant investment by purchasing 5,946 shares of Goosehead Insurance, totaling approximately $627,000 in the 2nd quarter.
• Goosehead Insurance's stock has seen a recent decline, dropping 2.4% to open at $66.91, with a market capitalization of $2.51 billion.
• Despite a 20.4% revenue increase year-over-year, the company's most recent earnings report showed earnings per share of $0.49, missing estimates by $0.04.

Callan Family Office LLC purchased a new position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,946 shares of the company's stock, valued at approximately $627,000.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. grew its position in shares of Goosehead Insurance by 192.9% during 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 period. TCTC Holdings LLC grew its position in shares of Goosehead Insurance by 117.1% during the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company's stock worth $39,000 after buying an additional 178 shares during the period. Larson Financial Group LLC grew its position 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 worth $49,000 after buying an additional 388 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Goosehead Insurance during the 1st quarter worth approximately $53,000. Finally, SVB Wealth LLC acquired a new stake in shares of Goosehead Insurance during the 1st quarter worth approximately $62,000.

Goosehead Insurance Stock Down 2.4%

Goosehead Insurance stock opened at $66.91 on Tuesday. The stock has a market capitalization of $2.51 billion, a PE ratio of 59.21, a price-to-earnings-growth ratio of 6.00 and a beta of 1.27. Goosehead Insurance has a twelve month low of $66.07 and a twelve month high of $130.39. The company has a 50 day moving average of $80.60 and a 200-day moving average of $95.59.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Truist Financial reduced their price objective on shares of Goosehead Insurance from $90.00 to $85.00 and set a "hold" rating on the stock in a research note on Tuesday, September 23rd. Weiss Ratings reissued a "hold (c+)" rating on shares of Goosehead Insurance in a research note on Wednesday, October 8th. Cantor Fitzgerald raised shares of Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, Zacks Research raised shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Goosehead Insurance currently has a consensus rating of "Hold" and a consensus price target of $106.00.

Insider Activity

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the company's stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at $11,677,152.27. This trade represents a 31.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 244,770 shares of company stock worth $21,568,721 over the last quarter. 37.76% of the stock is currently owned by company insiders.

About Goosehead Insurance

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.

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