Goosehead Insurance $GSHD Shares Acquired by 3G Capital Partners LP

3G Capital Partners LP increased its holdings in Goosehead Insurance (NASDAQ:GSHD) by 80.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 225,000 shares of the company’s stock after buying an additional 100,000 shares during the period. Goosehead Insurance comprises approximately 3.9% of 3G Capital Partners LP’s holdings, making the stock its 10th biggest position. 3G Capital Partners LP’s holdings in Goosehead Insurance were worth $16,571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after buying an additional 269 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after buying an additional 393 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at about $41,000. Fifth Third Bancorp boosted its holdings in shares of Goosehead Insurance by 71.4% in the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after buying an additional 284 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Goosehead Insurance by 614.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after buying an additional 860 shares during the period.

Insider Activity at Goosehead Insurance

In related news, major shareholder Patrick Ryan Langston purchased 2,800 shares of the company’s stock in a transaction on Friday, May 29th. The shares were bought at an average cost of $35.56 per share, for a total transaction of $99,568.00. Following the transaction, the insider owned 7,800 shares of the company’s stock, valued at $277,368. This represents a 56.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Martin Ellis Thornthwaite purchased 5,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were bought at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the transaction, the general counsel directly owned 5,000 shares in the company, valued at $207,500. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 12,800 shares of company stock valued at $480,718 and have sold 219,192 shares valued at $9,092,267. 38.07% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price target 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. Royal Bank Of Canada lifted their price target on shares of Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. BMO Capital Markets decreased their price target on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a report on Wednesday, February 18th. Citizens Jmp cut their price objective on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Monday, April 13th. Finally, Citigroup reiterated an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.09.

Goosehead Insurance Stock Down 6.2%

Shares of NASDAQ:GSHD opened at $35.13 on Thursday. The company has a market cap of $1.25 billion, a PE ratio of 30.82, a P/E/G ratio of 1.30 and a beta of 1.52. The company’s 50-day moving average price is $40.73 and its 200 day moving average price is $53.57. Goosehead Insurance has a fifty-two week low of $33.68 and a fifty-two week high of $106.84.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. During the same period in the previous year, the firm earned $0.26 EPS. Goosehead Insurance’s revenue was up 23.1% on a year-over-year basis. As a group, equities analysts anticipate that Goosehead Insurance will post 1.49 EPS for the current year.

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.