Fifth Third Bancorp Sells 274 Shares of Goosehead Insurance $GSHD

Fifth Third Bancorp lowered its stake in Goosehead Insurance (NASDAQ:GSHD) by 40.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 398 shares of the company’s stock after selling 274 shares during the quarter. Fifth Third Bancorp’s holdings in Goosehead Insurance were worth $42,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. increased its position in Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. TCTC Holdings LLC grew its stake in shares of Goosehead Insurance by 117.1% during the first quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock worth $39,000 after buying an additional 178 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Goosehead Insurance by 1,251.6% during the first quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock worth $49,000 after buying an additional 388 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Goosehead Insurance during the first quarter worth $53,000. Finally, SVB Wealth LLC bought a new position in shares of Goosehead Insurance in the 1st quarter valued at $62,000.

Goosehead Insurance Trading Up 1.2%

GSHD stock opened at $72.11 on Friday. The firm has a market cap of $2.71 billion, a PE ratio of 63.81, a price-to-earnings-growth ratio of 6.10 and a beta of 1.27. The stock has a 50-day moving average price of $83.32 and a 200-day moving average price of $98.26. Goosehead Insurance has a 1-year low of $69.62 and a 1-year high of $130.39.

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

Insider Buying and Selling at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $87.01, for a total transaction of $52,206.00. Following the transaction, the insider owned 132,349 shares in the company, valued at $11,515,686.49. The trade was a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm’s stock in a transaction 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. Insiders sold a total of 244,770 shares of company stock valued at $21,568,721 in the last quarter. 48.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GSHD shares. BMO Capital Markets reduced their price objective on Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating on the stock in a research report on Friday, July 25th. UBS Group reduced their price target on Goosehead Insurance from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Monday, July 28th. Keefe, Bruyette & Woods dropped their price objective 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 cut their target price on shares of Goosehead Insurance from $109.00 to $92.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 2nd. Finally, Truist Financial decreased their price target on shares of Goosehead Insurance from $90.00 to $85.00 and set a “hold” rating for the company in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $108.91.

Goosehead Insurance Company Profile

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.