3G Capital Partners LP Sells 25,000 Shares of Goosehead Insurance $GSHD

Key Points

• 3G Capital Partners LP reduced its stake in Goosehead Insurance by 10%, now holding 225,000 shares, which represents 7.6% of its total holdings and makes it the firm’s 8th largest investment.
• Goosehead Insurance reported a net margin of 8.76% and a revenue of $94.03 million for the last quarter, falling slightly short of analyst expectations.
• Recent analyst ratings varied, with Cantor Fitzgerald upgrading Goosehead to a "strong-buy," while others adjusted their price targets down, reflecting mixed market sentiment.

3G Capital Partners LP cut its position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 10.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,000 shares of the company's stock after selling 25,000 shares during the period. Goosehead Insurance accounts for about 7.6% of 3G Capital Partners LP's investment portfolio, making the stock its 8th largest position. 3G Capital Partners LP owned approximately 0.60% of Goosehead Insurance worth $26,564,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. raised its stake 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 purchasing an additional 191 shares in the last quarter. TCTC Holdings LLC raised its stake 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 purchasing an additional 178 shares in the last quarter. Larson Financial Group LLC raised its stake 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 purchasing an additional 388 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Goosehead Insurance during the 1st quarter worth about $53,000. Finally, SVB Wealth LLC purchased a new stake in shares of Goosehead Insurance during the 1st quarter worth about $62,000.

Insider Buying and Selling

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of Goosehead Insurance stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total transaction of $258,900.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of Goosehead Insurance stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $87.01, for a total value of $52,206.00. Following the sale, the insider directly owned 132,349 shares in the company, 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 in the last ninety days. Insiders own 48.35% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GSHD. Zacks Research raised Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Keefe, Bruyette & Woods cut their price objective on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Piper Sandler cut their price objective on Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating on the stock in a research note on Tuesday. UBS Group cut their price objective on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, July 28th. Finally, Cantor Fitzgerald raised Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $109.36.

Goosehead Insurance Stock Performance

GSHD traded down $1.00 during midday trading on Friday, reaching $83.19. The company's stock had a trading volume of 215,738 shares, compared to its average volume of 284,946. The stock has a market cap of $3.12 billion, a P/E ratio of 73.62, a PEG ratio of 7.21 and a beta of 1.34. The company has a fifty day simple moving average of $91.93 and a 200 day simple moving average of $103.38. 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 twelve month low of $79.69 and a twelve month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The business 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 business's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. Goosehead Insurance has set its FY 2025 guidance at EPS. Research analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current year.

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.