Goosehead Insurance, Inc (NASDAQ:GSHD) Stock Holdings Cut by Russell Investments Group Ltd.

Posted by Defense World Staff on May 18th, 2023

Russell Investments Group Ltd. reduced its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,676 shares of the company’s stock after selling 14,982 shares during the quarter. Russell Investments Group Ltd. owned about 0.33% of Goosehead Insurance worth $4,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GSHD. Logan Capital Management Inc. raised its holdings in shares of Goosehead Insurance by 3.5% during the third quarter. Logan Capital Management Inc. now owns 11,080 shares of the company’s stock worth $394,000 after acquiring an additional 376 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Goosehead Insurance by 16.6% during the first quarter. HighTower Advisors LLC now owns 3,167 shares of the company’s stock worth $248,000 after acquiring an additional 450 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Goosehead Insurance by 178.3% during the third quarter. Spire Wealth Management now owns 704 shares of the company’s stock worth $25,000 after acquiring an additional 451 shares in the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Goosehead Insurance by 14.5% during the first quarter. First Republic Investment Management Inc. now owns 3,737 shares of the company’s stock worth $294,000 after acquiring an additional 474 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Goosehead Insurance by 118.3% during the third quarter. Harbor Investment Advisory LLC now owns 976 shares of the company’s stock worth $35,000 after acquiring an additional 529 shares in the last quarter. 99.96% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder & Robyn Jones Descendants Mark sold 23,768 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $60.15, for a total value of $1,429,645.20. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at $7,960,792.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Goosehead Insurance news, Director Thomas Mcconnon bought 84,410 shares of the stock in a transaction on Monday, February 27th. The stock was purchased at an average price of $44.58 per share, with a total value of $3,762,997.80. Following the acquisition, the director now owns 441,093 shares of the company’s stock, valued at $19,663,925.94. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 23,768 shares of Goosehead Insurance stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $60.15, for a total transaction of $1,429,645.20. Following the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $7,960,792.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 283,193 shares of company stock worth $15,487,958. Insiders own 42.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GSHD shares. Truist Financial raised their target price on Goosehead Insurance from $40.00 to $50.00 in a report on Thursday, April 27th. JPMorgan Chase & Co. cut their target price on Goosehead Insurance from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, February 23rd. BMO Capital Markets started coverage on Goosehead Insurance in a report on Thursday, January 19th. They set a “market perform” rating and a $39.00 target price on the stock. Piper Sandler raised their target price on Goosehead Insurance from $59.00 to $64.00 in a report on Thursday, April 27th. Finally, Royal Bank of Canada lowered their price target on Goosehead Insurance from $75.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday, February 23rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.29.

Goosehead Insurance Stock Up 3.5 %

GSHD stock opened at $58.49 on Thursday. The business’s 50-day simple moving average is $53.66 and its 200 day simple moving average is $44.71. The company has a market cap of $2.20 billion, a PE ratio of 449.96, a price-to-earnings-growth ratio of 3.52 and a beta of 1.20. Goosehead Insurance, Inc has a twelve month low of $29.23 and a twelve month high of $71.04.

Goosehead Insurance (NASDAQ:GSHD – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.13. Goosehead Insurance had a negative return on equity of 6.68% and a net margin of 1.21%. The company had revenue of $57.96 million for the quarter, compared to the consensus estimate of $53.73 million. During the same period in the previous year, the business earned ($0.11) earnings per share. The company’s quarterly revenue was up 40.4% on a year-over-year basis. On average, equities research analysts anticipate that Goosehead Insurance, Inc will post 0.38 EPS for the current year.

Goosehead Insurance Company Profile

(Get Rating)

Goosehead Insurance, Inc is a holding company, which engages in the provision of independent personal lines of insurance. It operates through the Corporate Channel and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained, and managed by the company.