Louisiana State Employees Retirement System Purchases New Shares in Goosehead Insurance $GSHD

Louisiana State Employees Retirement System purchased a new position in Goosehead Insurance (NASDAQ:GSHD) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,000 shares of the company’s stock, valued at approximately $469,000.

A number of other institutional investors also recently bought and sold shares of the stock. Meixler Investment Management Ltd. increased its position in Goosehead Insurance by 5.3% during the fourth quarter. Meixler Investment Management Ltd. now owns 4,355 shares of the company’s stock valued at $321,000 after acquiring an additional 220 shares during the last quarter. Gibbs Wealth Management lifted its holdings in shares of Goosehead Insurance by 3.8% in the 4th quarter. Gibbs Wealth Management now owns 6,133 shares of the company’s stock worth $459,000 after acquiring an additional 227 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Goosehead Insurance by 2.2% during the 2nd 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 during the period. EverSource Wealth Advisors LLC grew its holdings in Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in Goosehead Insurance by 5.0% during the 4th quarter. Blair William & Co. IL now owns 6,831 shares of the company’s stock valued at $503,000 after purchasing an additional 323 shares during the last quarter.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $41.77, for a total transaction of $3,453,919.53. Following the transaction, the insider directly owned 7,050,356 shares in the company, valued at $294,493,370.12. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Patrick Ryan Langston bought 2,800 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $35.56 per share, with a total value of $99,568.00. Following the completion of the transaction, the insider owned 7,800 shares in the company, valued at $277,368. This represents a 56.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 12,800 shares of company stock worth $480,718 and sold 219,192 shares worth $9,092,267. 38.07% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citizens Jmp reduced 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. Cantor Fitzgerald dropped their target price on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Weiss Ratings cut Goosehead Insurance from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 24th. Bank of America reduced their price target on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Finally, Piper Sandler decreased their price target on Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $65.36.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $56.90 on Thursday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 49.91, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. Goosehead Insurance has a 1 year low of $33.68 and a 1 year high of $104.00. The firm has a 50-day moving average of $41.52 and a two-hundred day moving average of $50.65.

Goosehead Insurance (NASDAQ:GSHD) last issued its 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 business had revenue of $79.48 million for the quarter, compared to analyst estimates of $105.16 million. During the same period last year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. Research analysts expect that Goosehead Insurance will post 1.48 earnings per share 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.