Future Fund LLC Acquires 12,687 Shares of Goosehead Insurance $GSHD

by · The Markets Daily

Future Fund LLC grew its holdings in shares of Goosehead Insurance (NASDAQ:GSHD – Free Report) by 63.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,673 shares of the company’s stock after buying an additional 12,687 shares during the quarter. Future Fund LLC owned 0.09% of Goosehead Insurance worth $1,394,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GSHD. Principal Financial Group Inc. grew its position in Goosehead Insurance by 23.2% in the first quarter. Principal Financial Group Inc. now owns 219,745 shares of the company’s stock worth $9,374,000 after acquiring an additional 41,334 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Goosehead Insurance by 1,294.1% in the 1st quarter. Fifth Third Bancorp now owns 7,793 shares of the company’s stock valued at $332,000 after purchasing an additional 7,234 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Goosehead Insurance by 40.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,972 shares of the company’s stock valued at $383,000 after purchasing an additional 2,576 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Goosehead Insurance by 32.3% in the 1st quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock worth $97,786,000 after purchasing an additional 559,087 shares during the period. Finally, Wesbanco Bank Inc. boosted its holdings in shares of Goosehead Insurance by 226.5% in the 1st quarter. Wesbanco Bank Inc. now owns 32,000 shares of the company’s stock worth $1,365,000 after purchasing an additional 22,200 shares during the period.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD opened at $54.28 on Friday. Goosehead Insurance has a fifty-two week low of $33.68 and a fifty-two week high of $104.00. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 47.61, a PEG ratio of 1.95 and a beta of 1.41. The business’s 50 day moving average price is $42.82 and its 200-day moving average price is $49.75.

Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. The company had revenue of $79.48 million during the quarter, compared to analysts’ expectations of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.Goosehead Insurance’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. Sell-side analysts predict that Goosehead Insurance will post 1.45 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on GSHD shares. Royal Bank Of Canada increased their price target on Goosehead Insurance from $52.00 to $55.00 and gave the company a “sector perform” rating in a report on Monday, July 13th. UBS Group lifted their price objective on shares of Goosehead Insurance from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. 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. Cantor Fitzgerald increased their target price on shares of Goosehead Insurance from $67.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $68.73.

View Our Latest Research Report on GSHD

Insider Activity at Goosehead Insurance

In related news, General Counsel Martin Ellis Thornthwaite purchased 5,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the acquisition, the general counsel owned 5,000 shares in the company, valued at approximately $207,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Patrick Ryan Langston acquired 2,800 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price of $35.56 per share, with a total value of $99,568.00. Following the acquisition, the insider directly 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. Over the last ninety days, insiders bought 12,800 shares of company stock valued at $480,718 and sold 219,192 shares valued at $9,092,267. 38.07% of the stock is currently owned by company insiders.

About Goosehead Insurance

(Free Report)

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.

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