Jacobson & Schmitt Advisors LLC Increases Holdings in Goosehead Insurance $GSHD

Jacobson & Schmitt Advisors LLC grew its holdings in Goosehead Insurance (NASDAQ:GSHD) by 11.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 152,776 shares of the company’s stock after acquiring an additional 16,223 shares during the quarter. Goosehead Insurance comprises 1.9% of Jacobson & Schmitt Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Jacobson & Schmitt Advisors LLC owned about 0.41% of Goosehead Insurance worth $11,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in Goosehead Insurance by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 12,022 shares of the company’s stock valued at $1,268,000 after purchasing an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after buying an additional 269 shares during the last quarter. Rhumbline Advisers raised its stake in Goosehead Insurance by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 69,012 shares of the company’s stock worth $5,136,000 after acquiring an additional 284 shares in the last quarter. Fifth Third Bancorp lifted its position in Goosehead Insurance by 71.4% in the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after acquiring an additional 284 shares during the last quarter. Finally, Amalgamated Bank lifted its position in Goosehead Insurance by 4.4% in the third quarter. Amalgamated Bank now owns 7,358 shares of the company’s stock valued at $548,000 after acquiring an additional 307 shares during the last quarter.

Insider Buying and Selling at Goosehead Insurance

In related news, Director Louis Goldberg bought 5,575 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were acquired at an average price of $44.85 per share, with a total value of $250,038.75. Following the completion of the acquisition, the director owned 5,575 shares in the company, valued at approximately $250,038.75. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 48.35% of the company’s stock.

Goosehead Insurance Stock Performance

Shares of GSHD opened at $42.44 on Monday. Goosehead Insurance has a fifty-two week low of $40.00 and a fifty-two week high of $124.40. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 40.81, a price-to-earnings-growth ratio of 3.03 and a beta of 1.69. The firm has a 50-day simple moving average of $50.21 and a 200-day simple moving average of $64.29.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.10. The firm had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $99.67 million. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. Equities research analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

GSHD has been the subject of several research reports. Truist Financial reduced their target price on Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Citigroup restated an “outperform” rating on shares of Goosehead Insurance in a research note on Wednesday, February 18th. JPMorgan Chase & Co. cut their price target on Goosehead Insurance from $80.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Piper Sandler upgraded Goosehead Insurance from a “neutral” rating to an “overweight” rating and set a $69.00 price objective for the company in a research note on Wednesday, February 18th. Finally, BMO Capital Markets decreased their price objective on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $77.60.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.