Quantinno Capital Management LP Buys 11,003 Shares of Goosehead Insurance $GSHD

Quantinno Capital Management LP raised its stake in Goosehead Insurance (NASDAQ:GSHD) by 52.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,878 shares of the company’s stock after acquiring an additional 11,003 shares during the quarter. Quantinno Capital Management LP owned approximately 0.09% of Goosehead Insurance worth $1,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Goosehead Insurance in the fourth quarter worth $41,000. Northwestern Mutual Wealth Management Co. increased its position in Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after buying an additional 393 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Goosehead Insurance by 614.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after buying an additional 860 shares during the period. Finally, State of Wyoming bought a new stake in shares of Goosehead Insurance in the fourth quarter valued at $79,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GSHD shares. JPMorgan Chase & Co. increased their price target on Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Weiss Ratings raised shares of Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Royal Bank Of Canada lifted their target price on shares of Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods lowered their price target on shares of Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $76.00 price target on shares of Goosehead Insurance in a research note on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $68.45.

Insider Activity

In other news, major shareholder Patrick Ryan Langston purchased 2,800 shares of the company’s stock in a transaction on Friday, May 29th. The stock was purchased at an average price of $35.56 per share, with a total value of $99,568.00. Following the completion of the purchase, the insider directly owned 7,800 shares in the company, valued at approximately $277,368. This trade represents a 56.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Adrienne Kebodeaux sold 5,000 shares of Goosehead Insurance stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $65.20, for a total value of $326,000.00. Following the sale, the insider directly owned 280,027 shares of the company’s stock, valued at approximately $18,257,760.40. This trade represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have bought 202,779 shares of company stock worth $11,829,350 and have sold 468,616 shares worth $26,163,838. Corporate insiders own 38.07% of the company’s stock.

Goosehead Insurance Trading Up 2.8%

GSHD stock opened at $67.40 on Friday. The company’s 50 day moving average is $52.16 and its 200 day moving average is $48.36. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 49.20, a price-to-earnings-growth ratio of 2.35 and a beta of 1.38. Goosehead Insurance has a 1-year low of $33.68 and a 1-year high of $90.16.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.17. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The business had revenue of $95.63 million during the quarter, compared to analyst estimates of $103.30 million. During the same period in the previous year, the business posted $0.49 earnings per share. Goosehead Insurance’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, sell-side analysts forecast that Goosehead Insurance will post 1.45 EPS for the current fiscal year.

Goosehead Insurance 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.