Janus Henderson Group PLC Buys 376,114 Shares of Goosehead Insurance $GSHD

Janus Henderson Group PLC increased its stake in shares of Goosehead Insurance (NASDAQ:GSHD) by 3,485.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 386,906 shares of the company’s stock after purchasing an additional 376,114 shares during the period. Janus Henderson Group PLC’s holdings in Goosehead Insurance were worth $16,506,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GSHD. Durable Capital Partners LP grew its holdings in Goosehead Insurance by 126.5% during the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after buying an additional 861,374 shares in the last quarter. Wasatch Advisors LP increased its holdings in Goosehead Insurance by 32.3% during the 1st quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock worth $97,786,000 after acquiring an additional 559,087 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Goosehead Insurance by 38.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock worth $147,448,000 after acquiring an additional 556,293 shares during the period. Langdon Equity Partners purchased a new stake in Goosehead Insurance in the 4th quarter worth approximately $41,892,000. Finally, Whitebark Investors LP bought a new position in Goosehead Insurance in the 3rd quarter valued at $25,229,000.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $65.65 on Tuesday. The stock has a market cap of $2.33 billion, a P/E ratio of 47.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. Goosehead Insurance has a fifty-two week low of $33.68 and a fifty-two week high of $90.79. The stock has a 50 day simple moving average of $47.36 and a two-hundred day simple moving average of $48.59.

Goosehead Insurance (NASDAQ:GSHD) last posted 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. The firm had revenue of $95.63 million for the quarter, compared to analysts’ expectations of $103.30 million. Goosehead Insurance had a negative return on equity of 21.00% and a net margin of 8.78%.The business’s revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. Sell-side analysts predict that Goosehead Insurance will post 1.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GSHD has been the topic of a number of recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $76.00 price objective on shares of Goosehead Insurance in a research report on Thursday, July 23rd. JPMorgan Chase & Co. increased their price target on shares of Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Citizens Jmp decreased their price objective on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. 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 report on Thursday, July 23rd. Finally, Weiss Ratings raised Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.45.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & The Bear Irrevocable T. Chick sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $65.03, for a total value of $325,150.00. Following the completion of the transaction, the insider owned 58,530 shares in the company, valued at $3,806,205.90. This trade represents a 7.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Durable Capital Partners Lp purchased 113,646 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were purchased at an average price of $58.34 per share, for a total transaction of $6,630,107.64. Following the completion of the transaction, the insider directly owned 2,493,927 shares of the company’s stock, valued at $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. In the last quarter, insiders bought 166,523 shares of company stock worth $9,584,378 and sold 346,135 shares worth $18,129,533. 38.07% of the stock is owned by company insiders.

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.