Select Equity Group L.P. Acquires Shares of 9,796 Goosehead Insurance $GSHD

Select Equity Group L.P. purchased a new stake in Goosehead Insurance (NASDAQ:GSHD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,796 shares of the company's stock, valued at approximately $1,157,000.

Several other institutional investors have also recently added to or reduced their stakes in GSHD. Bessemer Group Inc. boosted its position in shares of Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock worth $34,000 after acquiring an additional 191 shares during the last quarter. TCTC Holdings LLC lifted its holdings in Goosehead Insurance by 117.1% in the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company's stock worth $39,000 after buying an additional 178 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Goosehead Insurance by 1,251.6% in the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company's stock worth $49,000 after buying an additional 388 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Goosehead Insurance during the 1st quarter valued at approximately $53,000. Finally, SVB Wealth LLC purchased a new position in shares of Goosehead Insurance during the 1st quarter valued at approximately $62,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Zacks Research upgraded Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. UBS Group dropped their price target on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Monday, July 28th. Piper Sandler dropped their price target on Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 2nd. Cantor Fitzgerald upgraded Goosehead Insurance to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods dropped 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. One equities 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $109.36.

Goosehead Insurance Trading Up 0.1%

Shares of GSHD stock traded up $0.12 on Friday, reaching $81.09. 241,705 shares of the stock were exchanged, compared to its average volume of 295,772. The stock has a market cap of $3.05 billion, a PE ratio of 71.76, a P/E/G ratio of 6.80 and a beta of 1.34. Goosehead Insurance has a one year low of $79.32 and a one year high of $130.39. 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 stock has a 50 day moving average price of $90.10 and a 200 day moving average price of $102.60.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the company posted $0.43 EPS. The company'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. Equities research analysts forecast that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total transaction of $258,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark E. Jr. Jones bought 1,149 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was bought at an average price of $86.08 per share, for a total transaction of $98,905.92. Following the transaction, the chief financial officer directly owned 3,491 shares of the company's stock, valued at approximately $300,505.28. This represents a 49.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 244,770 shares of company stock worth $21,568,721 in the last 90 days. Company insiders own 48.35% of the company's stock.

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.