M&T Bank Corp Increases Holdings in Goosehead Insurance $GSHD

M&T Bank Corp grew its holdings in Goosehead Insurance (NASDAQ:GSHD) by 1,075.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 115,834 shares of the company’s stock after acquiring an additional 105,979 shares during the period. M&T Bank Corp’s holdings in Goosehead Insurance were worth $8,531,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GSHD. EverSource Wealth Advisors LLC lifted its position in shares of 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 acquiring an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after acquiring an additional 393 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Goosehead Insurance by 71.4% in the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after acquiring an additional 284 shares in the last quarter. Covestor Ltd lifted its position in shares of Goosehead Insurance by 52.3% in the third quarter. Covestor Ltd now owns 1,177 shares of the company’s stock valued at $88,000 after acquiring an additional 404 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Goosehead Insurance in the fourth quarter valued at about $88,000.

Goosehead Insurance Trading Down 4.9%

NASDAQ:GSHD opened at $48.26 on Friday. The company has a market capitalization of $1.77 billion, a P/E ratio of 42.33, a P/E/G ratio of 3.70 and a beta of 1.69. Goosehead Insurance has a 12 month low of $39.64 and a 12 month high of $114.76. The business’s 50-day moving average is $45.60 and its 200 day moving average is $61.24.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping 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 company had revenue of $79.48 million for the quarter, compared to analysts’ expectations of $105.16 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, research analysts forecast that Goosehead Insurance will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Louis Goldberg acquired 5,575 shares of Goosehead Insurance stock in a transaction on Friday, February 20th. The shares were bought at an average cost of $44.85 per share, with a total value of $250,038.75. Following the completion of the purchase, the director directly owned 5,575 shares of the company’s stock, valued at $250,038.75. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 38.07% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on GSHD. Cantor Fitzgerald decreased their target price on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Keefe, Bruyette & Woods boosted their target price on Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday. Weiss Ratings downgraded Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Citigroup reiterated an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. Finally, Royal Bank Of Canada boosted their target price on Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $67.36.

Goosehead Insurance Company 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.