Nuveen LLC Buys Shares of 67,978 Goosehead Insurance $GSHD

Key Points

• Nuveen LLC acquired 67,978 shares of Goosehead Insurance valued at approximately $8 million, representing an ownership stake of 0.18% as of the latest SEC filing.
• Goosehead Insurance's stock recently opened at $89.49, with a market capitalization of $3.36 billion, yet it reported a miss on earnings with an EPS of $0.49 compared to analyst expectations of $0.53.
• Insiders have sold a significant amount of stock recently, with major shareholdings decreasing as over 258,000 shares were sold in the past three months, valued at over $23 million.

Nuveen LLC bought a new stake in Goosehead Insurance (NASDAQ:GSHD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 67,978 shares of the company's stock, valued at approximately $8,025,000. Nuveen LLC owned approximately 0.18% of Goosehead Insurance as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GSHD. LPL Financial LLC purchased a new stake in Goosehead Insurance in the 4th quarter valued at approximately $251,000. Raymond James Financial Inc. purchased a new position in shares of Goosehead Insurance during the 4th quarter worth $491,000. First Trust Advisors LP purchased a new position in shares of Goosehead Insurance during the 4th quarter worth $5,264,000. MetLife Investment Management LLC lifted its stake in shares of Goosehead Insurance by 7.2% during the 4th quarter. MetLife Investment Management LLC now owns 13,584 shares of the company's stock worth $1,456,000 after purchasing an additional 914 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Goosehead Insurance by 91.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,228 shares of the company's stock worth $239,000 after purchasing an additional 1,063 shares during the period.

Wall Street Analysts Forecast Growth

GSHD has been the topic of a number of recent analyst reports. Piper Sandler reissued a "neutral" rating and set a $109.00 price target (down previously from $122.00) on shares of Goosehead Insurance in a research note on Thursday, July 24th. Keefe, Bruyette & Woods reduced their price target 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. BMO Capital Markets reduced their price target on 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. UBS Group reduced their price target 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, Zacks Research raised Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $110.91.

Insider Buying and Selling at Goosehead Insurance

In related news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total value of $258,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $87.01, for a total value of $52,206.00. Following the sale, 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 quarter, insiders sold 244,770 shares of company stock valued at $21,568,721. 48.35% of the stock is owned by insiders.

Goosehead Insurance Stock Down 2.0%

NASDAQ GSHD traded down $1.73 during trading hours on Friday, hitting $84.71. The company had a trading volume of 246,198 shares, compared to its average volume of 358,166. Goosehead Insurance has a fifty-two week low of $79.69 and a fifty-two week high of $130.39. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 74.97, a P/E/G ratio of 7.40 and a beta of 1.31. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92. The firm's 50 day moving average is $93.67 and its 200 day moving average is $104.44.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) 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 analyst estimates of $94.18 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm'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. Sell-side analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal 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.