US Bancorp DE Raises Stock Holdings in Goosehead Insurance $GSHD

US Bancorp DE lifted its holdings in shares of Goosehead Insurance (NASDAQ:GSHD) by 4.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,419 shares of the company’s stock after acquiring an additional 504 shares during the quarter. US Bancorp DE’s holdings in Goosehead Insurance were worth $1,310,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Maryland State Retirement & Pension System increased its position in Goosehead Insurance by 4.0% in the second quarter. Maryland State Retirement & Pension System now owns 7,364 shares of the company’s stock worth $777,000 after buying an additional 283 shares during the last quarter. KLP Kapitalforvaltning AS increased its position in Goosehead Insurance by 20.5% in the second quarter. KLP Kapitalforvaltning AS now owns 5,300 shares of the company’s stock worth $559,000 after buying an additional 900 shares during the last quarter. Precision Wealth Strategies LLC increased its position in Goosehead Insurance by 21.0% in the second quarter. Precision Wealth Strategies LLC now owns 6,693 shares of the company’s stock worth $706,000 after buying an additional 1,162 shares during the last quarter. State of Alaska Department of Revenue increased its position in Goosehead Insurance by 10.1% in the second quarter. State of Alaska Department of Revenue now owns 14,886 shares of the company’s stock worth $1,569,000 after buying an additional 1,370 shares during the last quarter. Finally, Norden Group LLC increased its position in Goosehead Insurance by 6.4% in the second quarter. Norden Group LLC now owns 11,037 shares of the company’s stock worth $1,165,000 after buying an additional 664 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler decreased their target price on Goosehead Insurance from $92.00 to $79.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Zacks Research downgraded Goosehead Insurance from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. BMO Capital Markets decreased their target price on Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating for the company in a research report on Friday, July 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Goosehead Insurance in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald raised Goosehead Insurance to a “strong-buy” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $105.09.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, CFO Mark E. Jr. Jones acquired 1,149 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was bought at an average price of $86.08 per share, with a total value of $98,905.92. Following the completion of the purchase, the chief financial officer owned 3,491 shares of the company’s stock, valued at approximately $300,505.28. This represents a 49.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the insider directly owned 132,349 shares of the company’s stock, valued at $11,677,152.27. This represents a 31.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 244,770 shares of company stock valued at $21,568,721 over the last three months. Company insiders own 48.35% of the company’s stock.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $65.20 on Friday. Goosehead Insurance has a one year low of $64.89 and a one year high of $130.39. The business has a fifty day moving average price of $79.38 and a 200-day moving average price of $94.84. The firm has a market capitalization of $2.45 billion, a P/E ratio of 57.70, a PEG ratio of 13.26 and a beta of 1.27.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly 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). Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.The company had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. During the same period in the previous year, the business earned $0.43 earnings per share. Goosehead Insurance’s revenue was up 20.4% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. Sell-side analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Goosehead Insurance 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.