T. Rowe Price Investment Management Inc. Has $142.24 Million Holdings in Goosehead Insurance $GSHD

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Goosehead Insurance by 6.2%, owning approximately 1.2 million shares valued at $142.24 million by the end of the first quarter.
• Multiple hedge funds, including Quantbot Technologies LP and Public Sector Pension Investment Board, have significantly increased their holdings in Goosehead Insurance during the same period.
• Analysts have downgraded their price targets for Goosehead Insurance, with Piper Sandler setting a target of $109.00, down from $122.00, amid mixed sentiment across various ratings.

T. Rowe Price Investment Management Inc. lessened its holdings in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,204,813 shares of the company's stock after selling 79,372 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 3.21% of Goosehead Insurance worth $142,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in GSHD. LPL Financial LLC purchased a new stake in shares of Goosehead Insurance in the 4th quarter worth approximately $251,000. Invesco Ltd. raised its stake in shares of Goosehead Insurance by 39.6% in the 4th quarter. Invesco Ltd. now owns 65,304 shares of the company's stock valued at $7,002,000 after acquiring an additional 18,537 shares during the period. Raymond James Financial Inc. purchased a new stake in Goosehead Insurance during the 4th quarter worth approximately $491,000. XTX Topco Ltd acquired a new position in Goosehead Insurance during the 4th quarter worth approximately $327,000. Finally, Marshall Wace LLP grew its position in shares of Goosehead Insurance by 981.8% in the 4th quarter. Marshall Wace LLP now owns 53,959 shares of the company's stock valued at $5,785,000 after buying an additional 48,971 shares during the last quarter.

Insider Buying and Selling

In other 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 transaction of $258,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark E. Jr. Jones bought 1,149 shares of the stock in a transaction on Tuesday, July 29th. The shares were bought at an average price of $86.08 per share, for a total transaction of $98,905.92. Following the completion of the transaction, the chief financial officer directly owned 3,491 shares of the company's stock, valued at $300,505.28. This trade represents a 49.06% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 244,770 shares of company stock valued at $21,568,721. Company insiders own 37.76% of the company's stock.

Goosehead Insurance Stock Performance

GSHD stock traded up $0.83 during midday trading on Wednesday, hitting $87.44. The company's stock had a trading volume of 64,112 shares, compared to its average volume of 298,851. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 77.55, a PEG ratio of 7.41 and a beta of 1.31. 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 stock's 50-day moving average price is $94.44 and its 200 day moving average price is $104.92. Goosehead Insurance has a 1 year low of $79.69 and a 1 year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The company had revenue of $94.03 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

Analysts Set New Price Targets

GSHD has been the subject of several recent research reports. Piper Sandler restated a "neutral" rating and set a $109.00 target price (down from $122.00) on shares of Goosehead Insurance in a report on Thursday, July 24th. Cantor Fitzgerald upgraded shares of Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. UBS Group reduced their price objective on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a report on Monday, July 28th. BMO Capital Markets dropped their target price on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, July 25th. Finally, Keefe, Bruyette & Woods lowered 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. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $110.91.

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.