Goosehead Insurance $GSHD Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd cut its stake in Goosehead Insurance (NASDAQ:GSHD) by 72.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,624 shares of the company’s stock after selling 87,559 shares during the period. WINTON GROUP Ltd’s holdings in Goosehead Insurance were worth $1,631,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GSHD. Langdon Equity Partners purchased a new stake in Goosehead Insurance in the fourth quarter valued at approximately $41,892,000. UBS Group AG increased its holdings in shares of Goosehead Insurance by 26.7% in the 4th quarter. UBS Group AG now owns 156,019 shares of the company’s stock valued at $11,491,000 after acquiring an additional 32,920 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Goosehead Insurance by 43,893.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock valued at $4,795,000 after purchasing an additional 64,963 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in Goosehead Insurance by 226.5% during the 1st quarter. Wesbanco Bank Inc. now owns 32,000 shares of the company’s stock worth $1,365,000 after purchasing an additional 22,200 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Goosehead Insurance by 23.2% during the 1st quarter. Principal Financial Group Inc. now owns 219,745 shares of the company’s stock worth $9,374,000 after purchasing an additional 41,334 shares during the period.

Insiders Place Their Bets

In other news, major shareholder Adrienne Kebodeaux sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $70.00, for a total value of $490,000.00. Following the completion of the sale, the insider directly owned 273,027 shares of the company’s stock, valued at $19,111,890. This trade represents a 2.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Durable Capital Partners Lp purchased 113,646 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was acquired at an average price of $58.34 per share, for a total transaction of $6,630,107.64. Following the completion of the purchase, the insider owned 2,493,927 shares of the company’s stock, valued at approximately $145,495,701.18. This represents a 4.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 189,979 shares of company stock worth $11,348,632 and have sold 267,000 shares worth $18,056,139. Company insiders own 38.07% of the company’s stock.

Goosehead Insurance Stock Up 1.3%

Shares of NASDAQ:GSHD opened at $57.18 on Friday. Goosehead Insurance has a fifty-two week low of $33.68 and a fifty-two week high of $84.36. The firm’s 50-day simple moving average is $62.75 and its 200-day simple moving average is $49.94. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 41.74, a PEG ratio of 2.04 and a beta of 1.36.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.17. The firm had revenue of $95.63 million during the quarter, compared to analysts’ expectations of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. On average, research analysts forecast that Goosehead Insurance will post 1.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GSHD. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, July 13th. UBS Group upped their price objective on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Royal Bank Of Canada lifted their target price on Goosehead Insurance from $55.00 to $58.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded Goosehead Insurance from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. 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 research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $68.45.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc is an independent insurance agency that distributes personal and commercial insurance products through a network of corporate and franchised locations. The company represents multiple insurance carriers, allowing its agents to compare coverage options and help customers select policies based on their individual needs.

Its product offerings include homeowners, auto, renters, flood, personal umbrella and other personal-lines insurance, along with selected commercial insurance products.