Quantbot Technologies LP Grows Holdings in Goosehead Insurance $GSHD

Key Points

• Quantbot Technologies LP increased its holdings in Goosehead Insurance by 179.4% during the first quarter, owning 27,329 shares valued at approximately $3.23 million.
• Several hedge funds, including Bessemer Group Inc. and Larson Financial Group LLC, also significantly increased their investments in Goosehead Insurance, showcasing strong institutional interest.
• Despite a revenue increase of 20.4% year-over-year, Goosehead Insurance reported earnings per share of $0.49, missing analysts' expectations of $0.53.

Quantbot Technologies LP boosted its holdings in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 179.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,329 shares of the company's stock after purchasing an additional 17,547 shares during the period. Quantbot Technologies LP owned about 0.07% of Goosehead Insurance worth $3,226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in shares of Goosehead Insurance by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock valued at $2,371,000 after purchasing an additional 139 shares in the last quarter. TCTC Holdings LLC boosted its position in shares of Goosehead Insurance by 117.1% during the first 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. KBC Group NV grew its holdings in shares of Goosehead Insurance by 20.7% in the 1st quarter. KBC Group NV now owns 1,101 shares of the company's stock valued at $130,000 after buying an additional 189 shares during the period. Bessemer Group Inc. grew its holdings in shares of Goosehead Insurance by 192.9% in the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after buying an additional 191 shares during the period. Finally, HighTower Advisors LLC grew its holdings in shares of Goosehead Insurance by 3.9% in the 1st quarter. HighTower Advisors LLC now owns 5,504 shares of the company's stock valued at $650,000 after buying an additional 205 shares during the period.

Analysts Set New Price Targets

Several research firms recently commented on GSHD. BMO Capital Markets cut their price objective 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. Keefe, Bruyette & Woods lowered their price target on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Piper Sandler reissued a "neutral" rating and issued a $109.00 price target (down from $122.00) on shares of Goosehead Insurance in a report on Thursday, July 24th. Cantor Fitzgerald raised shares of Goosehead Insurance to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, UBS Group decreased 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 analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $110.91.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 3,000 shares of Goosehead Insurance stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of Goosehead Insurance 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 transaction, the insider owned 132,349 shares of the company's stock, valued at $11,515,686.49. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 258,665 shares of company stock valued at $23,099,836. Insiders own 37.76% of the company's stock.

Goosehead Insurance Stock Down 0.7%

GSHD traded down $0.59 during midday trading on Monday, hitting $88.90. The company had a trading volume of 19,822 shares, compared to its average volume of 300,039. Goosehead Insurance has a 52 week low of $79.69 and a 52 week high of $130.39. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 78.68, a PEG ratio of 7.66 and a beta of 1.31. The stock's 50 day moving average price is $94.99 and its 200 day moving average price is $105.22.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted 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). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The company had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. During the same period last year, the firm posted $0.43 earnings per share. The company's revenue for the quarter was up 20.4% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

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.