Healthcare of Ontario Pension Plan Trust Fund Invests $1.07 Million in Goosehead Insurance $GSHD

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Goosehead Insurance (NASDAQ:GSHD) during the 1st quarter, Holdings Channel reports. The fund purchased 25,200 shares of the company’s stock, valued at approximately $1,075,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GSHD. EverSource Wealth Advisors LLC boosted its position in 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. Kestra Advisory Services LLC purchased a new position in shares of Goosehead Insurance during the fourth quarter worth approximately $41,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Goosehead Insurance by 802.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after acquiring an additional 393 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Goosehead Insurance by 614.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after acquiring an additional 860 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Goosehead Insurance during the fourth quarter valued at approximately $79,000.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GSHD. Piper Sandler boosted their price target on Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods reduced their price objective on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their target price on Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. UBS Group increased their price target on Goosehead Insurance from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Finally, Royal Bank Of Canada raised their price target on Goosehead Insurance from $55.00 to $58.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $68.45.

Goosehead Insurance Stock Performance

Shares of GSHD opened at $62.00 on Friday. The company has a 50 day moving average price of $46.88 and a 200-day moving average price of $48.81. Goosehead Insurance has a fifty-two week low of $33.68 and a fifty-two week high of $93.90. The stock has a market capitalization of $2.20 billion, a PE ratio of 45.26, a PEG ratio of 2.22 and a beta of 1.41.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.17. The company had revenue of $95.63 million for the quarter, compared to analyst estimates of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. Goosehead Insurance’s revenue was up 20.6% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. Equities research analysts forecast that Goosehead Insurance will post 1.45 EPS for the current year.

Trending Headlines about Goosehead Insurance

Here are the key news stories impacting Goosehead Insurance this week:

• Positive Sentiment: Durable Capital Partners recently purchased approximately 153,700 shares of Goosehead Insurance for about $9.1 million, increasing its position. The buying activity may signal confidence from a major institutional investor.
• Neutral Sentiment: J.P. Morgan reaffirmed its Hold rating on Goosehead Insurance, indicating limited conviction at current valuation levels. The broader analyst consensus also remains “Hold,” with a target price near the stock’s recent trading range. J.P. Morgan Remains a Hold on Goosehead Insurance
• Negative Sentiment: Major shareholders reported selling a combined 137,519 shares worth approximately $9.5 million. The largest transaction was a 125,000-share sale by the Robyn Jones Descendants Mark at an average price of $69.71, followed by additional sales from the same holder, Adrienne Kebodeaux and The Bear Irrevocable Trust. Although the Jones descendants still own roughly 6.87 million shares, the sales could reinforce concerns about insider confidence and increase near-term supply. Goosehead Insurance Insider Sales Filing
• Negative Sentiment: Goosehead’s latest quarterly results were mixed: earnings of $0.64 per share exceeded the $0.47 consensus estimate, but revenue of $95.63 million missed expectations of $103.30 million. Revenue nevertheless increased 20.6% year over year. With the stock trading at an elevated earnings multiple, investors may be particularly sensitive to signs of slower growth or further revenue disappointments.

Insider Activity at Goosehead Insurance

In related news, major shareholder Durable Capital Partners Lp purchased 40,077 shares of Goosehead Insurance stock in a transaction dated Monday, July 27th. The stock was purchased at an average cost of $61.72 per share, with a total value of $2,473,552.44. Following the transaction, the insider owned 2,534,004 shares in the company, valued at approximately $156,398,726.88. The trade was a 1.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder & The Bear Irrevocable T. Chick sold 5,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $65.03, for a total value of $325,150.00. Following the completion of the transaction, the insider directly owned 58,530 shares of the company’s stock, valued at approximately $3,806,205.90. The trade was a 7.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, 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. Corporate insiders own 38.07% of the company’s stock.

Goosehead Insurance Company Profile

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.