Nuveen LLC Acquires Shares of 67,978 Goosehead Insurance $GSHD

Nuveen LLC acquired a new stake in shares of Goosehead Insurance (NASDAQ:GSHD) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 67,978 shares of the company’s stock, valued at approximately $8,025,000. Nuveen LLC owned about 0.18% of Goosehead Insurance as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in shares of Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. TCTC Holdings LLC lifted its holdings in shares of Goosehead Insurance by 117.1% in the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock valued at $39,000 after acquiring an additional 178 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Goosehead Insurance by 1,251.6% in the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock valued at $49,000 after acquiring an additional 388 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Goosehead Insurance in the 1st quarter valued at about $53,000. Finally, Simplex Trading LLC bought a new position in shares of Goosehead Insurance in the 1st quarter valued at about $88,000.

Goosehead Insurance Stock Performance

Goosehead Insurance stock opened at $89.49 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92. Goosehead Insurance has a 1-year low of $79.58 and a 1-year high of $130.39. The firm has a market capitalization of $3.36 billion, a P/E ratio of 79.20, a price-to-earnings-growth ratio of 7.66 and a beta of 1.31. The company’s 50-day moving average is $94.99 and its 200 day moving average is $105.24.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $94.03 million for the quarter, compared to analysts’ expectations of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.The business’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. Research analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Transactions at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $88.23, for a total transaction of $5,293,800.00. Following the transaction, the insider directly owned 132,349 shares of the company’s stock, valued at approximately $11,677,152.27. This trade represents a 31.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total transaction of $258,900.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 258,665 shares of company stock valued at $23,099,836. 48.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Cantor Fitzgerald raised shares of Goosehead Insurance to a “strong-buy” rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods lowered their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Piper Sandler reaffirmed a “neutral” rating and issued a $109.00 price target (down previously from $122.00) on shares of Goosehead Insurance in a report on Thursday, July 24th. BMO Capital Markets lowered their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating for the company in a report on Friday, July 25th. Finally, UBS Group lowered their price target on shares of Goosehead Insurance from $140.00 to $136.00 and set a “buy” rating for the company in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $110.91.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.