FJ Capital Management LLC Boosts Holdings in Goosehead Insurance $GSHD

FJ Capital Management LLC lifted its stake in Goosehead Insurance (NASDAQ:GSHD) by 34.4% in the 1st quarter, HoldingsChannel reports. The firm owned 34,498 shares of the company’s stock after buying an additional 8,837 shares during the quarter. FJ Capital Management LLC’s holdings in Goosehead Insurance were worth $4,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of 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 worth $34,000 after purchasing an additional 191 shares during the period. 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 worth $39,000 after purchasing an additional 178 shares during the period. 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 worth $49,000 after purchasing an additional 388 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Goosehead Insurance in the 1st quarter worth about $53,000. Finally, SVB Wealth LLC purchased a new stake in shares of Goosehead Insurance in the 1st quarter worth about $62,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating for the company 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. Piper Sandler reiterated a “neutral” rating and issued a $109.00 price target (down from $122.00) on shares of Goosehead Insurance in a research note on Thursday, July 24th. Zacks Research upgraded shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Finally, BMO Capital Markets dropped their price target 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 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus target price of $110.91.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD opened at $84.71 on Monday. The firm has a fifty day moving average price of $93.67 and a 200-day moving average price of $104.33. 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 market cap of $3.18 billion, a PE ratio of 74.97, a price-to-earnings-growth ratio of 7.25 and a beta of 1.34. Goosehead Insurance has a 1 year low of $79.69 and a 1 year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $94.03 million for the quarter, compared to analysts’ expectations of $94.18 million. Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. Equities analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Goosehead Insurance news, CFO Mark E. Jr. Jones acquired 1,149 shares of the company’s stock in a transaction on Tuesday, July 29th. The stock was acquired at an average cost of $86.08 per share, with a total value of $98,905.92. Following the purchase, 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 position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of Goosehead Insurance stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $88.23, for a total transaction of $5,293,800.00. Following the completion of the transaction, the insider directly owned 132,349 shares of the company’s stock, valued at $11,677,152.27. The trade was a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 244,770 shares of company stock valued at $21,568,721 in the last three months. Corporate 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.