Goosehead insurance executive chairman sells $60,060 in stock

WESTLAKE, Texas—Mark Evan Jones, Executive Chairman of Goosehead Insurance, Inc. (NASDAQ:GSHD), has sold shares of the company’s Class A common stock valued at approximately $60,060. The transaction, which took place on March 12, involved the sale of 500 shares at a weighted average price of $120.12 per share. The sale comes as GSHD shows impressive momentum, with the stock delivering a 60% return over the past year and maintaining strong financial health according to InvestingPro analysis.

The sale was reported in a recent SEC filing and reflects the ongoing financial activities of high-level executives within the company. Following this transaction, Jones continues to hold a significant position in Goosehead Insurance through various direct and indirect holdings.

The transaction was part of a series of movements by the Mark & Robyn Jones Descendants Trust 2014, which also included other non-monetary exchanges of stock that did not involve any cash consideration. These exchanges maintained the trust’s substantial holdings in Goosehead Insurance, both directly and indirectly.

Goosehead Insurance, headquartered in Westlake, Texas, is a prominent player in the insurance brokerage industry, known for its innovative approach and rapid growth. Investors closely monitor insider transactions like these to gauge the confidence of company executives in the firm’s future prospects. For deeper insights into GSHD’s valuation and growth metrics, including exclusive ProTips and comprehensive analysis, visit InvestingPro.

In other recent news, Goosehead Insurance Inc . reported strong fourth-quarter earnings, significantly exceeding market expectations. The company posted an earnings per share (EPS) of $0.79, nearly doubling the anticipated $0.40, and revenue of $93.9 million, surpassing the forecasted $78.61 million. This performance was driven by strong client retention, increased premium rates, and higher productivity among corporate agents. Goosehead’s total written premiums grew by 29% for the full year, reaching $3.8 billion, with a net income more than doubling to $49.1 million. Analysts from Keefe, Bruyette & Woods (KBW) and Citizens JMP raised their price targets for Goosehead Insurance to $127 and $150, respectively, following the earnings beat. The company’s guidance for 2025 projects written premium growth of 22-28% and revenue growth of 11-22%. Goosehead’s financial position remains solid, with cash and cash equivalents of $58.0 million as of December 31, 2024. These developments underscore Goosehead’s robust market position and strategic growth initiatives.

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