Quantinno Capital Management LP Boosts Holdings in Goosehead Insurance $GSHD

Quantinno Capital Management LP lifted its holdings in Goosehead Insurance (NASDAQ:GSHD) by 52.7% in the first quarter, HoldingsChannel reports. The fund owned 31,878 shares of the company’s stock after buying an additional 11,003 shares during the period. Quantinno Capital Management LP’s holdings in Goosehead Insurance were worth $1,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Langdon Equity Partners bought a new stake in Goosehead Insurance in the fourth quarter worth $41,892,000. M&T Bank Corp grew its stake in shares of Goosehead Insurance by 1,075.4% during the fourth quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock valued at $8,531,000 after buying an additional 105,979 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Goosehead Insurance by 43,893.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock worth $4,795,000 after buying an additional 64,963 shares during the period. UBS Group AG lifted its stake in shares of Goosehead Insurance by 26.7% in the 4th quarter. UBS Group AG now owns 156,019 shares of the company’s stock valued at $11,491,000 after acquiring an additional 32,920 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in shares of Goosehead Insurance by 226.5% in the 1st quarter. Wesbanco Bank Inc. now owns 32,000 shares of the company’s stock valued at $1,365,000 after acquiring an additional 22,200 shares during the last quarter.

Wall Street Analyst Weigh In

GSHD has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $76.00 price target on shares of Goosehead Insurance in a research report on Thursday, July 23rd. Royal Bank Of Canada boosted their price objective on Goosehead Insurance from $55.00 to $58.00 and gave the company a “sector perform” rating in a research report on Thursday, July 23rd. UBS Group increased their price objective on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research note 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. 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. According to MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $68.45.

Goosehead Insurance Trading Up 2.8%

Shares of Goosehead Insurance stock opened at $67.40 on Friday. The company’s fifty day simple moving average is $52.16 and its two-hundred day simple moving average is $48.36. The company has a market cap of $2.39 billion, a P/E ratio of 49.20, a PEG ratio of 2.35 and a beta of 1.38. Goosehead Insurance has a 12-month low of $33.68 and a 12-month high of $90.16.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $103.30 million. During the same period last year, the company posted $0.49 EPS. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. Analysts predict that Goosehead Insurance will post 1.45 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder & Robyn Jones Descendants Mark sold 125,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $69.71, for a total value of $8,713,750.00. Following the completion of the transaction, the insider owned 6,870,180 shares of the company’s stock, valued at approximately $478,920,247.80. This represents a 1.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Durable Capital Partners Lp bought 113,646 shares of the stock in a transaction dated Friday, July 24th. The stock was purchased at an average price of $58.34 per share, with a total value of $6,630,107.64. Following the purchase, the insider owned 2,493,927 shares in the company, valued at $145,495,701.18. This trade represents a 4.77% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 202,779 shares of company stock worth $11,829,350 and have sold 468,616 shares worth $26,163,838. 38.07% of the stock is currently owned by corporate insiders.

Goosehead Insurance 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.