Natixis Advisors LLC Acquires 21,613 Shares of Goosehead Insurance $GSHD

Natixis Advisors LLC raised its position in Goosehead Insurance (NASDAQ:GSHD) by 40.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,615 shares of the company’s stock after acquiring an additional 21,613 shares during the quarter. Natixis Advisors LLC owned approximately 0.21% of Goosehead Insurance worth $5,569,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GSHD. AQR Capital Management LLC lifted its stake in Goosehead Insurance by 85.7% in the first quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock valued at $511,000 after acquiring an additional 1,999 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Goosehead Insurance by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock valued at $1,578,000 after acquiring an additional 578 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Goosehead Insurance by 86.6% during the 1st 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 stake in shares of Goosehead Insurance by 5.8% during the 1st 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 lifted its stake in shares of Goosehead Insurance by 28.2% during the 1st 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 last quarter.

Analyst Ratings Changes

A number of research firms have recently issued reports on GSHD. JPMorgan Chase & Co. cut their target price on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Cantor Fitzgerald cut their target price on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Citizens Jmp dropped their price objective on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Finally, Bank of America dropped their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.73.

Goosehead Insurance Stock Down 4.8%

Shares of Goosehead Insurance stock opened at $36.51 on Tuesday. Goosehead Insurance has a twelve month low of $33.68 and a twelve month high of $112.96. The company has a 50-day simple moving average of $41.54 and a two-hundred day simple moving average of $55.24. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 1.33 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The firm had revenue of $79.48 million for the quarter, compared to analyst estimates of $105.16 million. During the same period last year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Goosehead Insurance will post 1.49 earnings per share for the current fiscal year.

Insider Activity

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $41.77, for a total value of $3,453,919.53. Following the transaction, the insider directly owned 7,050,356 shares of the company’s stock, valued at $294,493,370.12. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Martin Ellis Thornthwaite bought 5,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the acquisition, the general counsel owned 5,000 shares in the company, valued at approximately $207,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 12,800 shares of company stock valued at $480,718 and sold 219,192 shares valued at $9,092,267. 38.07% of the stock is currently owned by company insiders.

About Goosehead Insurance

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.