Bessemer Group Inc. Acquires 191 Shares of Goosehead Insurance (NASDAQ:GSHD)

Bessemer Group Inc. raised its holdings in Goosehead Insurance (NASDAQ:GSHD) by 192.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290 shares of the company’s stock after purchasing an additional 191 shares during the period. Bessemer Group Inc.’s holdings in Goosehead Insurance were worth $34,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GSHD. Smartleaf Asset Management LLC lifted its holdings in shares of Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after acquiring an additional 509 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Goosehead Insurance by 51.8% during the 4th quarter. Jones Financial Companies Lllp now owns 905 shares of the company’s stock worth $97,000 after acquiring an additional 309 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Goosehead Insurance by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company’s stock worth $23,125,000 after acquiring an additional 5,459 shares during the period. Atria Investments Inc lifted its holdings in shares of Goosehead Insurance by 7.9% during the 4th quarter. Atria Investments Inc now owns 11,010 shares of the company’s stock worth $1,180,000 after acquiring an additional 808 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Goosehead Insurance during the 4th quarter worth approximately $491,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GSHD. BMO Capital Markets cut their price target on shares of Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods upped their price target on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 price target on shares of Goosehead Insurance in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Finally, Piper Sandler dropped their price objective on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $115.40.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD opened at $104.48 on Friday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 87.79, a PEG ratio of 7.36 and a beta of 1.42. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.79 and a quick ratio of 2.79. The firm has a 50 day simple moving average of $104.85 and a 200 day simple moving average of $108.56. Goosehead Insurance has a one year low of $55.47 and a one year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a net margin of 9.51% and a negative return on equity of 99.91%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. Research analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other news, major shareholder Lindy Langston sold 11,042 shares of Goosehead Insurance stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $110.20, for a total transaction of $1,216,828.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel John Terry O’connor sold 2,500 shares of Goosehead Insurance stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total transaction of $261,050.00. Following the transaction, the general counsel owned 1,000 shares in the company, valued at approximately $104,420. This trade represents a 71.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,966 shares of company stock worth $12,407,821. Company insiders own 48.35% of the company’s stock.

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.