Northwestern Mutual Wealth Management Co. Purchases 64,963 Shares of Goosehead Insurance $GSHD

Northwestern Mutual Wealth Management Co. boosted its position in Goosehead Insurance (NASDAQ:GSHD) by 43,893.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 65,111 shares of the company’s stock after acquiring an additional 64,963 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Goosehead Insurance were worth $4,795,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Gibbs Wealth Management raised its holdings in Goosehead Insurance by 3.8% in the fourth quarter. Gibbs Wealth Management now owns 6,133 shares of the company’s stock worth $459,000 after purchasing an additional 227 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Goosehead Insurance by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 12,022 shares of the company’s stock worth $1,268,000 after purchasing an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares in the last quarter. Fifth Third Bancorp raised its holdings in Goosehead Insurance by 71.4% in the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after purchasing an additional 284 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Goosehead Insurance by 0.4% in the third quarter. Rhumbline Advisers now owns 69,012 shares of the company’s stock worth $5,136,000 after purchasing an additional 284 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have commented on GSHD. Royal Bank Of Canada boosted their target price on shares of Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. Bank of America reduced their target price on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Truist Financial reduced their target price on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. JPMorgan Chase & Co. reduced their target price on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, UBS Group boosted their target price on shares of Goosehead Insurance from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Goosehead Insurance has a consensus rating of “Hold” and an average price target of $67.45.

Insider Activity

In other news, major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $41.77, for a total transaction of $3,453,919.53. Following the transaction, the insider owned 7,050,356 shares in the company, valued at $294,493,370.12. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Martin Ellis Thornthwaite bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the transaction, the general counsel owned 5,000 shares of the company’s stock, valued at $207,500. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 164,016 shares of company stock worth $6,874,749. Corporate insiders own 38.07% of the company’s stock.

Goosehead Insurance Stock Down 1.9%

GSHD opened at $41.68 on Friday. Goosehead Insurance has a 52-week low of $35.83 and a 52-week high of $113.00. The company has a market cap of $1.48 billion, a P/E ratio of 36.56, a price-to-earnings-growth ratio of 1.44 and a beta of 1.62. The firm’s 50-day moving average price is $42.95 and its 200-day moving average price is $57.77.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share (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 the consensus estimate of $105.16 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, research analysts anticipate that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

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.