Natixis Advisors LLC Buys 21,613 Shares of Goosehead Insurance $GSHD

Natixis Advisors LLC lifted its stake in shares of Goosehead Insurance (NASDAQ:GSHD) by 40.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,615 shares of the company’s stock after purchasing an additional 21,613 shares during the quarter. Natixis Advisors LLC’s holdings in Goosehead Insurance were worth $5,569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GSHD. EverSource Wealth Advisors LLC grew its holdings in shares of Goosehead Insurance by 480.4% during the 2nd 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. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after purchasing an additional 393 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Goosehead Insurance by 71.4% during the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after purchasing an additional 284 shares during the last quarter. Leonteq Securities AG bought a new stake in Goosehead Insurance during the 4th quarter worth approximately $83,000. Finally, FNY Investment Advisers LLC bought a new stake in Goosehead Insurance during the 4th quarter worth approximately $88,000.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, General Counsel Martin Ellis Thornthwaite purchased 5,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the purchase, the general counsel owned 5,000 shares of the company’s stock, valued at $207,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total transaction of $390,806.88. Following the sale, the insider owned 6,995,180 shares of the company’s stock, valued at $285,123,536.80. This trade represents a 0.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have acquired 12,800 shares of company stock worth $480,718 and have sold 219,192 shares worth $9,092,267. 38.07% of the stock is owned by corporate insiders.

Goosehead Insurance Stock Down 4.8%

Goosehead Insurance stock opened at $36.51 on Tuesday. Goosehead Insurance has a 12-month low of $33.68 and a 12-month high of $112.96. The firm’s fifty day moving average is $41.54 and its 200 day moving average is $55.24. The company has a market capitalization of $1.30 billion, a PE ratio of 32.03, a PEG ratio of 1.33 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. The business had revenue of $79.48 million during the quarter, compared to analyst estimates of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. Goosehead Insurance’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. Sell-side analysts expect that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GSHD shares. Royal Bank Of Canada boosted their price target on shares of Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 23rd. Truist Financial dropped their price target on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Citizens Jmp dropped their price target on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Monday, April 13th. Weiss Ratings downgraded shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Seven research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $66.73.

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.