Goosehead Insurance $GSHD Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in shares of Goosehead Insurance (NASDAQ:GSHD) by 23.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 219,745 shares of the company’s stock after buying an additional 41,334 shares during the period. Principal Financial Group Inc.’s holdings in Goosehead Insurance were worth $9,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GSHD. Durable Capital Partners LP boosted its holdings in Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock worth $114,769,000 after buying an additional 861,374 shares in the last quarter. Wasatch Advisors LP grew its position in Goosehead Insurance by 32.3% during the first quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock valued at $97,786,000 after buying an additional 559,087 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Goosehead Insurance by 38.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after buying an additional 556,293 shares in the last quarter. Langdon Equity Partners purchased a new position in Goosehead Insurance in the fourth quarter valued at $41,892,000. Finally, Whitebark Investors LP purchased a new position in Goosehead Insurance in the third quarter valued at $25,229,000.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD opened at $58.75 on Friday. The firm has a fifty day moving average of $44.51 and a 200 day moving average of $49.11. The firm has a market cap of $2.09 billion, a PE ratio of 42.88, a PEG ratio of 2.08 and a beta of 1.41. Goosehead Insurance has a one year low of $33.68 and a one year high of $93.90.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $103.30 million. During the same period last year, the firm posted $0.49 earnings per share. The company’s revenue was up 20.6% compared to the same quarter last year. On average, equities analysts predict that Goosehead Insurance will post 1.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on GSHD. Royal Bank Of Canada increased 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. Piper Sandler lifted their price target on Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods cut their price target on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating for the company in a research note on Thursday. Bank of America reduced their price target on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Finally, 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 report on Monday, July 13th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $68.27.

Insider Activity at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $41.77, for a total value of $3,453,919.53. Following the sale, the insider directly owned 7,050,356 shares in the company, valued at approximately $294,493,370.12. The trade was a 1.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Patrick Ryan Langston acquired 2,800 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average price of $35.56 per share, for a total transaction of $99,568.00. Following the completion of the acquisition, the insider owned 7,800 shares in the company, valued at $277,368. The trade was a 56.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 12,800 shares of company stock worth $480,718 and have sold 219,192 shares worth $9,092,267. Insiders own 38.07% of the company’s stock.

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.