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Mark Evan Jones, Executive Chairman of Goosehead Insurance, Inc. (NASDAQ:GSHD), recently sold shares worth approximately $3.48 million, according to a recent SEC filing. The transactions took place on March 5 and 6, 2025. The sale comes as Goosehead, currently valued at $4.38 billion, maintains a "GREAT" financial health score according to InvestingPro analysis.
The sales involved a total of 23,261 shares of Class A Common Stock, with prices ranging from $120.55 to $124.35 per share. The transactions were part of a series of sales conducted by Mark & Robyn Jones Descendants Trust 2014, of which Mark and Robyn Jones are trustees.
Following these transactions, the trust continues to hold significant shares in Goosehead Insurance, reflecting the Jones family’s ongoing commitment to the company. For detailed insights into GSHD’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Goosehead Insurance has reported strong financial results, significantly surpassing earnings and revenue forecasts. The company announced a fourth-quarter earnings per share (EPS) of $0.79, nearly doubling the forecasted $0.40, and revenue reaching $93.9 million, outpacing the anticipated $78.61 million. Analysts from Keefe, Bruyette & Woods (KBW) and JMP Securities responded positively, with KBW raising its price target for Goosehead Insurance to $127 and JMP increasing it to $150, both maintaining an Outperform rating. The earnings beat was largely attributed to better-than-expected contingent commissions and core loss ratios, which exceeded analysts’ estimates.
Goosehead Insurance’s total written premiums for the year saw a 29% increase, amounting to $3.8 billion, and the company’s net income more than doubled to $49.1 million. The company also reported a 43% rise in adjusted EBITDA for 2024, totaling $99.9 million. Looking forward, Goosehead Insurance projects total written premiums to be between $4.65 billion and $4.88 billion for 2025, indicating organic growth of 22% to 28%. Revenue projections for the year are set between $350 million and $385 million, representing 11% to 22% organic growth.
CEO Mark K Miller highlighted the company’s achievements despite macroeconomic challenges, emphasizing investments in people and technology. Goosehead Insurance’s guidance for fiscal year 2025 aligns with market consensus, forecasting written premium growth of 22-28% and revenue growth of 11-22%. The company’s liquidity and capital resources are poised to support its growth trajectory, with cash and cash equivalents of $58.0 million and an unused line of credit of $74.8 million as of December 31, 2024.
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