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WESTLAKE, Texas—Mark E. Jones Jr., the Chief Financial Officer of Goosehead Insurance, Inc. (NASDAQ:GSHD), recently purchased shares of the company’s stock, according to a filing with the Securities and Exchange Commission. On February 28, Mr. Jones acquired 1,010 shares of Class A Common Stock at a price of $118.02 per share, totaling approximately $119,200. The purchase comes as the company’s stock has shown remarkable strength, with a 70% return over the past year and current trading price of $123.47. InvestingPro analysis indicates the $4.5 billion market cap company is trading near its Fair Value.
Following this transaction, Jones now holds a total of 2,342 shares in the company. This purchase reflects the executive’s continued confidence in Goosehead Insurance, a leader in the insurance brokerage industry that has demonstrated strong growth with revenue increasing by 21% in the last twelve months. InvestingPro subscribers can access 13 additional investment tips and a comprehensive Pro Research Report for deeper insights into GSHD’s performance and outlook.
In other recent news, Goosehead Insurance has reported strong financial results, significantly surpassing earnings and revenue forecasts for the fourth quarter of 2024. The company achieved an earnings per share (EPS) of $0.79, nearly doubling the analyst forecast of $0.40, while revenue reached $93.9 million, exceeding the anticipated $78.61 million. This robust performance was attributed to higher contingent commissions and improved core loss ratios, which positively impacted the company’s earnings. Analysts have responded positively, with Keefe, Bruyette & Woods (KBW) raising its price target for Goosehead Insurance to $127, maintaining an Outperform rating. Similarly, JMP Securities increased their price target to $150, citing the company’s successful investments and strategic repositioning.
Goosehead Insurance’s full-year results also impressed, with total written premiums seeing a 29% increase to $3.8 billion and net income more than doubling to $49.1 million. The company’s guidance for 2025 projects total written premiums between $4.65 billion and $4.88 billion, indicating organic growth of 22% to 28%. Revenue for 2025 is projected to be between $350 million and $385 million, representing 11% to 22% organic growth. The company has also maintained a solid financial position, with cash and cash equivalents of $58.0 million and an unused line of credit of $74.8 million as of the end of 2024. These developments underscore Goosehead Insurance’s strong market position and growth trajectory, as noted by analysts from firms like Citizens JMP.
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