King Luther Capital Management Corp Boosts Stake in Goosehead Insurance $GSHD

King Luther Capital Management Corp lifted its stake in shares of Goosehead Insurance (NASDAQ:GSHD) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 139,973 shares of the company’s stock after acquiring an additional 16,751 shares during the quarter. King Luther Capital Management Corp owned approximately 0.38% of Goosehead Insurance worth $10,309,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GSHD. AQR Capital Management LLC increased its position in shares of Goosehead Insurance by 85.7% during the first quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock worth $511,000 after acquiring an additional 1,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Goosehead Insurance by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after acquiring an additional 578 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after acquiring an additional 164,693 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Goosehead Insurance by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock worth $6,894,000 after acquiring an additional 3,218 shares during the period. Finally, Intech Investment Management LLC increased its position in shares of Goosehead Insurance by 28.2% during the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock worth $1,320,000 after acquiring an additional 2,461 shares during the period.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, General Counsel Martin Ellis Thornthwaite acquired 5,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the acquisition, the general counsel owned 5,000 shares in the company, valued at approximately $207,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total value of $390,806.88. Following the sale, the insider owned 6,995,180 shares of the company’s stock, valued at approximately $285,123,536.80. This represents a 0.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 219,192 shares of company stock valued at $9,092,267. Company insiders own 38.07% of the company’s stock.

Goosehead Insurance Stock Down 5.8%

Shares of GSHD opened at $37.68 on Thursday. Goosehead Insurance has a twelve month low of $35.83 and a twelve month high of $113.00. The company has a 50 day moving average of $42.68 and a two-hundred day moving average of $57.13. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 1.38 and a beta of 1.62.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The firm had revenue of $79.48 million during the quarter, compared to analyst estimates of $105.16 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, sell-side analysts expect that Goosehead Insurance will post 1.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GSHD. Piper Sandler reduced their target price on shares of Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday. Royal Bank Of Canada lifted their price objective on shares of Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. Wall Street Zen raised shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. JPMorgan Chase & Co. cut their price objective on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Finally, Citizens Jmp cut their price objective on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Goosehead Insurance currently has an average rating of “Hold” and an average price target of $66.73.

About Goosehead Insurance

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.