Maryland State Retirement & Pension System Acquires 283 Shares of Goosehead Insurance $GSHD

Maryland State Retirement & Pension System boosted its position in Goosehead Insurance (NASDAQ:GSHD) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,364 shares of the company’s stock after purchasing an additional 283 shares during the period. Maryland State Retirement & Pension System’s holdings in Goosehead Insurance were worth $777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares during the last quarter. TCTC Holdings LLC lifted its stake in Goosehead Insurance by 117.1% in the first quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock worth $39,000 after purchasing an additional 178 shares during the last quarter. Larson Financial Group LLC lifted its stake in Goosehead Insurance by 1,251.6% in the first quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock worth $49,000 after purchasing an additional 388 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Goosehead Insurance in the first quarter worth about $53,000. Finally, SVB Wealth LLC bought a new stake in Goosehead Insurance in the first quarter worth about $62,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler reduced their target price on shares of Goosehead Insurance from $92.00 to $79.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. JPMorgan Chase & Co. reduced their target price on shares of Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. UBS Group reduced their target price on shares of Goosehead Insurance from $136.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Zacks Research raised shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance has a consensus rating of “Hold” and an average target price of $106.00.

Goosehead Insurance Trading Down 2.4%

NASDAQ GSHD opened at $66.91 on Tuesday. The firm’s fifty day simple moving average is $80.60 and its two-hundred day simple moving average is $95.59. Goosehead Insurance has a 12-month low of $66.07 and a 12-month high of $130.39. The firm has a market capitalization of $2.51 billion, a P/E ratio of 59.21, a P/E/G ratio of 6.00 and a beta of 1.27.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company 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 quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of Goosehead Insurance stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $88.23, for a total value of $5,293,800.00. Following the completion of the transaction, the insider owned 132,349 shares of the company’s stock, valued at approximately $11,677,152.27. The trade was a 31.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of Goosehead Insurance stock in a transaction on Tuesday, August 19th. The shares were 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 quarter, insiders sold 244,770 shares of company stock valued at $21,568,721. Corporate insiders own 37.76% of the company’s stock.

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.