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Goosehead Insurance (GSHD) Stock News, Apr 2020-Feb 2021

GSHD NASDAQ

Goosehead Insurance, Inc. reports developments tied to its independent insurance agency model, which distributes insurance products and services through corporate and franchise locations across the United States. The company represents more than 200 insurance carriers that underwrite personal and commercial lines, with recurring updates centered on written premiums, revenue growth, profitability metrics and franchise productivity.

Goosehead news also covers expansion of its digital distribution platform, embedded and franchise partnerships, share repurchase activity, board and executive appointments, and governance changes. Company updates frequently connect technology investment, carrier choice and service delivery to its insurance distribution operations.

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Goosehead Insurance (NASDAQ: GSHD) is set to report its fourth quarter 2020 results on February 23, 2021, after market close. A conference call is scheduled for 4:30 PM ET on the same day, where details can be accessed by dialing (855) 327-6837 (toll-free) or (631) 891-4304 (international). A live webcast will also be available on Goosehead’s investor relations website. The company, founded to prioritize client value, operates a network of over 1,261 franchise locations and represents over 100 insurance companies.

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Goosehead Insurance (NASDAQ: GSHD) announced key management changes aimed at enhancing growth, including new Chief Marketing Officer Ann Challis and several promotions to Managing Director. Challis will spearhead a comprehensive marketing strategy, leveraging her 25 years of experience. The promoted directors, including Erin Baima, Mitchell Stella, Marisa Wagner, and Drew Rogas, have all been pivotal in expanding operations and improving company performance. The company aims to strengthen its innovative business model and client experience as it continues to grow its franchise network.

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Goosehead Insurance reported strong third quarter results with revenues of $32.0 million, reflecting a 51% growth year-over-year. Total written premiums surged 49% to $301 million, and policies in force increased 47% to 657,000. Net income reached $6.7 million and adjusted EBITDA was $9.3 million. The company raised its full-year outlook, anticipating total written premiums between $1.05 billion and $1.07 billion. Goosehead's ongoing investments in technology and personnel contributed to this robust performance.

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Goosehead Insurance (NASDAQ: GSHD) will release its third quarter 2020 results after market close on October 29, 2020. A conference call to discuss these results will take place at 4:30 PM ET on the same day. Interested participants can dial (800) 920-2191 for toll-free access or (212) 231-2927 for international calls, with a recommendation to join 10 minutes early. A live webcast will be available on Goosehead's investor relations site, along with a replay for a year following the call. Goosehead is known for offering a customer-centric approach in the insurance sector, representing over 100 companies.

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Goosehead Insurance reported strong second quarter results with revenues of $29.9 million, a 54% increase from the previous year. Total written premiums grew by 41% to $274 million, with core revenues increasing by 41% to $24.7 million. Net income was $7.4 million, translating to adjusted EPS of $0.25. The company declared a special dividend of $42 million and raised its outlook for 2020, anticipating total revenues between $104 million and $109 million.

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Goosehead Insurance (NASDAQ: GSHD) will release its Q2 2020 earnings on July 30, 2020, after market close. A conference call to discuss the results is scheduled for 4:30 PM ET, with dial-in numbers available for both U.S. and international callers. Interested parties can access a live webcast of the call on Goosehead’s investor relations website. The company emphasizes a consumer-centric approach, offering products from over 100 insurance providers through its extensive network of offices and franchises across the United States.

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Goosehead Insurance (NASDAQ: GSHD) announced that CEO Mark E. Jones will participate in a virtual fireside chat at the William Blair 40th Annual Growth Stock Conference on June 10th at 10:00 AM Central Time. He will be joined by Michael Colby and Mark Colby from the leadership team. Investors can access the live webcast through the investor relations section of their website, with a replay available afterward. Goosehead is a rapidly growing independent insurance agency offering a wide range of personal and small commercial line insurance services across the U.S.

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FAQ

What is the current stock price of Goosehead Insurance (GSHD)?

Goosehead Insurance (GSHD) last closed at $46.01.

What is the market cap of Goosehead Insurance (GSHD)?

The market cap of Goosehead Insurance (GSHD) is approximately $1.6B.