Public Employees Retirement System of Ohio Buys 8,720 Shares of Goosehead Insurance $GSHD

Public Employees Retirement System of Ohio raised its stake in Goosehead Insurance (NASDAQ:GSHD) by 42.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,164 shares of the company’s stock after buying an additional 8,720 shares during the period. Public Employees Retirement System of Ohio owned about 0.08% of Goosehead Insurance worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Langdon Equity Partners purchased a new stake in shares of Goosehead Insurance in the fourth quarter valued at approximately $41,892,000. Phocas Financial Corp. purchased a new position in Goosehead Insurance during the 4th quarter worth $3,669,000. M&T Bank Corp raised its position in Goosehead Insurance by 1,075.4% during 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. Northwestern Mutual Wealth Management Co. lifted 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 worth $4,795,000 after buying an additional 64,963 shares during the period. Finally, UBS Group AG lifted its holdings 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 buying an additional 32,920 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GSHD shares. Bank of America reduced their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Citizens Jmp cut their price target on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. UBS Group boosted 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. Weiss Ratings upgraded Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada raised their price objective on Goosehead Insurance from $55.00 to $58.00 and gave the company a “sector perform” rating in a research report on Thursday, July 23rd. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and a consensus price target of $68.45.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, General Counsel Martin Ellis Thornthwaite purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the acquisition, the general counsel owned 5,000 shares in the company, valued at $207,500. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $69.71, for a total transaction of $8,713,750.00. Following the transaction, the insider directly owned 6,870,180 shares of the company’s stock, valued at $478,920,247.80. This represents a 1.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 166,523 shares of company stock valued at $9,584,378 and sold 346,135 shares valued at $18,129,533. 38.07% of the stock is owned by company insiders.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $65.65 on Tuesday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 47.92, a PEG ratio of 2.22 and a beta of 1.38. The stock’s fifty day moving average price is $47.36 and its 200 day moving average price is $48.59. Goosehead Insurance has a 1 year low of $33.68 and a 1 year high of $90.79.

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