Callan Family Office LLC Invests $627,000 in Goosehead Insurance $GSHD

Callan Family Office LLC acquired a new position in Goosehead Insurance (NASDAQ:GSHD) during the second quarter, HoldingsChannel.com reports. The fund acquired 5,946 shares of the company’s stock, valued at approximately $627,000.

A number of other institutional investors have also made changes to their positions in GSHD. Precision Wealth Strategies LLC lifted its position in shares of Goosehead Insurance by 17.0% in the first quarter. Precision Wealth Strategies LLC now owns 5,531 shares of the company’s stock worth $653,000 after purchasing an additional 805 shares in the last quarter. Chicago Capital LLC lifted its position in shares of Goosehead Insurance by 73.0% in the first quarter. Chicago Capital LLC now owns 5,177 shares of the company’s stock worth $611,000 after purchasing an additional 2,184 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of 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 in the last quarter. KBC Group NV lifted its position in shares of Goosehead Insurance by 20.7% in the first quarter. KBC Group NV now owns 1,101 shares of the company’s stock worth $130,000 after purchasing an additional 189 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Goosehead Insurance in the first quarter worth $667,000.

Goosehead Insurance Price Performance

Shares of GSHD opened at $66.91 on Tuesday. The firm has a market capitalization of $2.51 billion, a PE ratio of 59.21, a PEG ratio of 6.00 and a beta of 1.27. The company’s 50-day moving average is $80.60 and its 200-day moving average is $95.59. Goosehead Insurance has a fifty-two week low of $66.07 and a fifty-two week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. Goosehead Insurance’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. Analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark E. Jr. Jones purchased 1,149 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The stock was acquired at an average price of $86.08 per share, for a total transaction of $98,905.92. Following the completion of the purchase, the chief financial officer directly owned 3,491 shares of the company’s stock, valued at $300,505.28. This represents a 49.06% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 244,770 shares of company stock valued at $21,568,721 over the last ninety days. 37.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GSHD. Cantor Fitzgerald upgraded shares of Goosehead Insurance to a “strong-buy” rating in a report on Wednesday, August 13th. UBS Group lowered their target price on shares of Goosehead Insurance from $136.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Piper Sandler lowered their target price on shares of Goosehead Insurance from $92.00 to $79.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Goosehead Insurance in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and a consensus target price of $106.00.

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.