Vanguard Group Inc. Has $290.36 Million Holdings in Goosehead Insurance $GSHD

Key Points

• Vanguard Group Inc. reduced its stake in Goosehead Insurance by 1.6% in the first quarter, holding approximately 6.55% of the company with a total worth of $290.36 million after selling 40,061 shares.
• Goosehead Insurance reported a quarterly EPS of $0.49, missing the consensus estimate of $0.53, with revenues slightly below analyst expectations at $94.03 million.
• Several analysts have downgraded their price targets for Goosehead Insurance, with Keefe, Bruyette & Woods and BMO Capital Markets both lowering price targets to $120.00 and $110.00 respectively.

Vanguard Group Inc. lessened its position in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,459,418 shares of the company's stock after selling 40,061 shares during the quarter. Vanguard Group Inc. owned approximately 6.55% of Goosehead Insurance worth $290,359,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. lifted its position 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 acquiring an additional 191 shares in the last quarter. TCTC Holdings LLC lifted its position in shares of Goosehead Insurance by 117.1% in the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company's stock valued at $39,000 after acquiring an additional 178 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Goosehead Insurance by 1,251.6% in the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company's stock valued at $49,000 after acquiring an additional 388 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Goosehead Insurance in the 1st quarter valued at approximately $53,000. Finally, KBC Group NV increased its stake in 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.

Insider Transactions at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the stock in a transaction 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 transaction, the insider owned 132,349 shares in the company, valued at $11,677,152.27. This represents a 31.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm's 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 disclosure for this sale can be found here. Insiders have sold a total of 258,665 shares of company stock worth $23,099,836 in the last 90 days. 48.35% of the stock is owned by insiders.

Goosehead Insurance Stock Up 3.4%

Shares of GSHD traded up $2.91 during mid-day trading on Friday, hitting $89.49. 253,023 shares of the company's stock were exchanged, compared to its average volume of 434,743. The firm has a fifty day moving average of $94.99 and a two-hundred day moving average of $105.25. Goosehead Insurance has a twelve month low of $79.58 and a twelve month high of $130.39. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 79.20, a P/E/G 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.

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

Analyst Upgrades and Downgrades

GSHD has been the topic of several research reports. Keefe, Bruyette & Woods dropped 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. Cantor Fitzgerald upgraded shares of Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. UBS Group dropped their price objective on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, July 28th. Piper Sandler reiterated a "neutral" rating and issued a $109.00 price objective (down previously from $122.00) on shares of Goosehead Insurance in a research note on Thursday, July 24th. Finally, BMO Capital Markets dropped 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 note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $110.91.

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.