WINTON GROUP Ltd Cuts Stock Position in Goosehead Insurance $GSHD

Key Points

• WINTON GROUP Ltd reduced its Goosehead Insurance stake by 72.3% in the second quarter, selling 87,559 shares and retaining 33,624 shares valued at approximately $1.63 million.
• Analyst sentiment is mixed but leans positive: seven analysts rate the stock a Buy, six rate it Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $68.45.
• Goosehead reported quarterly EPS of $0.64, exceeding the $0.47 consensus estimate, while revenue rose 20.6% year over year to $95.63 million. However, insiders sold more shares than they bought over the past 90 days.

WINTON GROUP Ltd lessened its holdings in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 72.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,624 shares of the company's stock after selling 87,559 shares during the quarter. WINTON GROUP Ltd owned about 0.09% of Goosehead Insurance worth $1,631,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Meixler Investment Management Ltd. increased its stake in Goosehead Insurance by 5.3% during the 4th quarter. Meixler Investment Management Ltd. now owns 4,355 shares of the company's stock worth $321,000 after buying an additional 220 shares during the period. The Manufacturers Life Insurance Company boosted its position in Goosehead Insurance by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,022 shares of the company's stock valued at $1,268,000 after buying an additional 259 shares during the period. EverSource Wealth Advisors LLC boosted its position in Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock valued at $34,000 after buying an additional 269 shares during the period. Blair William & Co. IL grew its stake in shares of Goosehead Insurance by 5.0% in the fourth quarter. Blair William & Co. IL now owns 6,831 shares of the company's stock worth $503,000 after acquiring an additional 323 shares in the last quarter. Finally, Mariner LLC grew its stake in shares of Goosehead Insurance by 10.1% in the fourth quarter. Mariner LLC now owns 3,700 shares of the company's stock worth $273,000 after acquiring an additional 340 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings upgraded Goosehead Insurance from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 4th. Piper Sandler upped their price target on Goosehead Insurance from $52.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $76.00 price target on shares of Goosehead Insurance in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods decreased their price objective on Goosehead Insurance from $80.00 to $72.00 and set an "outperform" rating for the company in a research note on Thursday, July 23rd. Finally, UBS Group boosted their price objective on Goosehead Insurance from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $68.45.

Goosehead Insurance Trading Up 1.3%

Shares of GSHD opened at $57.18 on Friday. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 41.74, a PEG ratio of 2.04 and a beta of 1.36. The firm's fifty day simple moving average is $62.75 and its 200-day simple moving average is $49.94. Goosehead Insurance has a twelve month low of $33.68 and a twelve month high of $84.36.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.17. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The firm had revenue of $95.63 million during the quarter, compared to the consensus estimate of $103.30 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The company's revenue was up 20.6% compared to the same quarter last year. On average, analysts predict that Goosehead Insurance will post 1.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder & The Bear Irrevocable T. Chick sold 5,000 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $65.03, for a total value of $325,150.00. Following the transaction, the insider owned 58,530 shares in the company, valued at approximately $3,806,205.90. This represents a 7.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Adrienne Kebodeaux sold 7,000 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $70.00, for a total value of $490,000.00. Following the sale, the insider directly owned 273,027 shares in the company, valued at $19,111,890. This trade represents a 2.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders acquired 189,979 shares of company stock valued at $11,348,632 and sold 267,000 shares valued at $18,056,139. 38.07% of the stock is currently owned by corporate insiders.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc is an independent insurance agency that distributes personal and commercial insurance products through a network of corporate and franchised locations. The company represents multiple insurance carriers, allowing its agents to compare coverage options and help customers select policies based on their individual needs.

Its product offerings include homeowners, auto, renters, flood, personal umbrella and other personal-lines insurance, along with selected commercial insurance products.

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