State of New Jersey Common Pension Fund D Sells 748 Shares of Goosehead Insurance $GSHD

State of New Jersey Common Pension Fund D reduced its stake in Goosehead Insurance (NASDAQ:GSHD) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,563 shares of the company’s stock after selling 748 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Goosehead Insurance were worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Bessemer Group Inc. increased its stake in shares of Goosehead Insurance by 192.9% in 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. KBC Group NV increased its holdings in shares of Goosehead Insurance by 20.7% during the first quarter. KBC Group NV now owns 1,101 shares of the company’s stock worth $130,000 after buying an additional 189 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Goosehead Insurance during the first quarter worth $667,000. Principal Financial Group Inc. increased its holdings in Goosehead Insurance by 2.4% in the first quarter. Principal Financial Group Inc. now owns 121,654 shares of the company’s stock valued at $14,362,000 after purchasing an additional 2,800 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in Goosehead Insurance in the first quarter valued at $208,000.

Insider Transactions at Goosehead Insurance

In related news, CFO Mark E. Jr. Jones acquired 873 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were bought at an average price of $74.44 per share, with a total value of $64,986.12. Following the transaction, the chief financial officer directly owned 4,364 shares of the company’s stock, valued at $324,856.16. This trade represents a 25.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the stock in a transaction dated 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 is available in the SEC filing. Insiders have sold 213,254 shares of company stock valued at $18,630,169 in the last 90 days. 48.35% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on GSHD shares. Citigroup restated an “outperform” rating on shares of Goosehead Insurance in a report on Tuesday, October 14th. Zacks Research downgraded Goosehead Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. Piper Sandler decreased their price objective on Goosehead Insurance from $79.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Goosehead Insurance in a report on Friday. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Goosehead Insurance in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $99.00.

Goosehead Insurance Price Performance

GSHD stock opened at $68.67 on Friday. The stock has a market capitalization of $2.53 billion, a PE ratio of 60.77, a price-to-earnings-growth ratio of 11.49 and a beta of 1.27. The company’s 50-day moving average is $75.63 and its 200-day moving average is $91.42. Goosehead Insurance has a 1 year low of $64.40 and a 1 year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data 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 company had revenue of $90.44 million for 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 for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

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.