Mutual of America Capital Management LLC Lowers Holdings in Goosehead Insurance $GSHD

Mutual of America Capital Management LLC cut its position in Goosehead Insurance (NASDAQ:GSHD) by 9.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,219 shares of the company’s stock after selling 334 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Goosehead Insurance were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. raised its position 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 buying an additional 191 shares in the last quarter. TCTC Holdings LLC raised its position in shares of Goosehead Insurance by 117.1% during the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock valued at $39,000 after buying an additional 178 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Goosehead Insurance by 1,251.6% during the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock valued at $49,000 after buying an additional 388 shares in the last quarter. CWM LLC raised its position in shares of Goosehead Insurance by 73.8% during the 2nd quarter. CWM LLC now owns 471 shares of the company’s stock valued at $50,000 after buying an additional 200 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Goosehead Insurance during the 1st quarter valued at $53,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GSHD shares. Zacks Research cut shares of Goosehead Insurance from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. UBS Group lowered their price objective on shares of Goosehead Insurance from $130.00 to $121.00 and set a “buy” rating on the stock in a research report on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Goosehead Insurance in a report on Thursday, October 23rd. Keefe, Bruyette & Woods reduced their target price on shares of Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Finally, Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a report on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and an average target price of $99.00.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $87.01, for a total value of $52,206.00. Following the sale, the insider owned 132,349 shares of the company’s stock, valued at $11,515,686.49. This trade represents a 0.45% decrease in their position. The sale 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 244,770 shares of company stock worth $21,568,721. Insiders own 37.76% of the company’s stock.

Goosehead Insurance Stock Performance

GSHD stock opened at $73.99 on Wednesday. Goosehead Insurance has a 52 week low of $64.40 and a 52 week high of $130.39. The firm’s fifty day moving average is $76.79 and its 200 day moving average is $92.29. The firm has a market cap of $2.78 billion, a P/E ratio of 65.48, a P/E/G ratio of 12.03 and a beta of 1.27.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). The firm had revenue of $90.44 million during the quarter, compared to the consensus estimate of $94.25 million. Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.Goosehead Insurance’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $0.50 EPS. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

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.