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

Future Fund LLC grew its position in Goosehead Insurance (NASDAQ:GSHD) by 63.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,673 shares of the company’s stock after buying an additional 12,687 shares during the quarter. Future Fund LLC’s holdings in Goosehead Insurance were worth $1,394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Phocas Financial Corp. purchased a new stake in Goosehead Insurance in the fourth quarter worth about $3,669,000. Langdon Equity Partners purchased a new position in Goosehead Insurance during the 4th quarter valued at about $41,892,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Goosehead Insurance by 43,893.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock valued at $4,795,000 after purchasing an additional 64,963 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Goosehead Insurance by 1,075.4% in the 4th quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock valued at $8,531,000 after purchasing an additional 105,979 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Goosehead Insurance by 26.7% in the 4th quarter. UBS Group AG now owns 156,019 shares of the company’s stock worth $11,491,000 after purchasing an additional 32,920 shares during the period.

Insider Activity

In other news, major shareholder Patrick Ryan Langston bought 2,800 shares of the stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $35.56 per share, for a total transaction of $99,568.00. Following the completion of the purchase, the insider directly owned 7,800 shares in the company, valued at approximately $277,368. The trade was a 56.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $40.76, for a total transaction of $390,806.88. Following the completion of the transaction, the insider directly owned 6,995,180 shares in the company, valued at $285,123,536.80. This represents a 0.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders purchased 12,800 shares of company stock worth $480,718 and sold 219,192 shares worth $9,092,267. Insiders own 38.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Royal Bank Of Canada boosted their price objective on shares of Goosehead Insurance from $52.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Monday, July 13th. UBS Group upped their target price on Goosehead Insurance from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. increased their target price on Goosehead Insurance from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Finally, Cantor Fitzgerald lifted their price target on Goosehead Insurance from $67.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and an average target price of $68.73.

Goosehead Insurance Stock Performance

GSHD stock opened at $54.28 on Friday. The firm 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 firm has a 50-day simple moving average of $42.82 and a two-hundred day simple moving average of $49.75. Goosehead Insurance has a one year low of $33.68 and a one year high of $104.00.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share (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 firm had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. As a group, equities analysts predict that Goosehead Insurance will post 1.45 earnings per share for the current fiscal year.

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.