Sei Investments Co. Raises Holdings in Goosehead Insurance $GSHD

Sei Investments Co. lifted its position in shares of Goosehead Insurance (NASDAQ:GSHD) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,452 shares of the company’s stock after buying an additional 14,051 shares during the quarter. Sei Investments Co.’s holdings in Goosehead Insurance were worth $6,973,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GSHD. EverSource Wealth Advisors LLC lifted its stake 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 acquiring an additional 269 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after purchasing an additional 393 shares during the period. Kestra Advisory Services LLC purchased a new position in Goosehead Insurance during the 4th quarter valued at about $41,000. Quadrant Capital Group LLC increased its position in Goosehead Insurance by 614.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after purchasing an additional 860 shares during the period. Finally, State of Wyoming bought a new stake in shares of Goosehead Insurance in the 4th quarter valued at about $79,000.

Insider Activity at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston purchased 2,800 shares of the business’s stock in a transaction on Friday, May 29th. The shares were acquired at an average cost of $35.56 per share, with a total value of $99,568.00. Following the completion of the acquisition, the insider owned 7,800 shares of the company’s stock, valued at $277,368. This trade represents a 56.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 2,519 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $66.27, for a total value of $166,934.13. Following the transaction, the insider directly owned 6,870,180 shares in the company, valued at approximately $455,286,828.60. The trade was a 0.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have bought 166,523 shares of company stock valued at $9,584,378 and have sold 346,135 shares valued at $18,129,533. 38.07% of the stock is currently owned by insiders.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock opened at $65.65 on Tuesday. The company has a market capitalization of $2.33 billion, a PE ratio of 47.92, a P/E/G ratio of 2.22 and a beta of 1.38. The company has a 50-day simple moving average of $47.36 and a two-hundred day simple moving average of $48.59. Goosehead Insurance has a one year low of $33.68 and a one year high of $90.79.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $95.63 million for the quarter, compared to analysts’ expectations of $103.30 million. During the same period last year, the business earned $0.49 EPS. The company’s revenue was up 20.6% compared to the same quarter last year. On average, equities analysts predict that Goosehead Insurance will post 1.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GSHD shares. Royal Bank Of Canada upped their price target on shares of Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective 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. UBS Group upped their target price on Goosehead Insurance from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Weiss Ratings raised Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods dropped their target price on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.45.

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.