Sei Investments Co. Grows Stake in Goosehead Insurance $GSHD

Sei Investments Co. boosted its stake in shares of Goosehead Insurance (NASDAQ:GSHD) by 9.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,452 shares of the company’s stock after acquiring an additional 14,051 shares during the quarter. Sei Investments Co. owned about 0.46% of Goosehead Insurance worth $6,973,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in shares of Goosehead Insurance by 85.7% in the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock worth $511,000 after purchasing an additional 1,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Goosehead Insurance by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock valued at $1,578,000 after buying an additional 578 shares during the period. Goldman Sachs Group Inc. lifted its position in Goosehead Insurance by 86.6% in the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after buying an additional 164,693 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Goosehead Insurance by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock worth $6,894,000 after buying an additional 3,218 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in Goosehead Insurance by 28.2% during the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock worth $1,320,000 after buying an additional 2,461 shares during the period.

Goosehead Insurance Stock Up 5.9%

Shares of Goosehead Insurance stock opened at $65.65 on Tuesday. The stock’s fifty day moving average is $47.36 and its two-hundred day moving average is $48.59. The company has a market capitalization of $2.33 billion, a PE ratio of 47.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. Goosehead Insurance has a 52 week low of $33.68 and a 52 week high of $90.79.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.17. The business had revenue of $95.63 million during the quarter, compared to the consensus estimate of $103.30 million. Goosehead Insurance had a negative return on equity of 21.00% and a net margin of 8.78%.The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. As a group, research analysts anticipate that Goosehead Insurance will post 1.45 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on GSHD shares. UBS Group boosted their price objective on shares of Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Piper Sandler raised their target price on shares of Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Weiss Ratings raised shares of Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods cut their price target on shares of Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $76.00 price objective on shares of Goosehead Insurance in a research report on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and a consensus price target of $68.45.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $65.20, for a total value of $326,000.00. Following the completion of the sale, the insider directly owned 280,027 shares of the company’s stock, valued at $18,257,760.40. The trade was a 1.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 125,000 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $69.71, for a total transaction of $8,713,750.00. Following the completion of the transaction, the insider owned 6,870,180 shares in the company, valued at $478,920,247.80. This represents a 1.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have bought 166,523 shares of company stock worth $9,584,378 and have sold 346,135 shares worth $18,129,533. 38.07% of the stock is currently owned by corporate insiders.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.