Should You Consider Investing in Goosehead Insurance (GSHD)?

Polen Capital, an investment management firm, published its “Polen U.S. Small Company Growth” third quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of 1.94% was delivered by the fund for the third quarter of 2021, outperforming its Russell 2000 Growth benchmark that delivered a -5.64% return for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Polen U.S. Small Company Growth, in its Q3 2021 investor letter, mentioned Goosehead Insurance, Inc. (NASDAQ: GSHD) and discussed its stance on the firm. Goosehead Insurance, Inc. is a Westlake, Texas-based insurance company with a $4.9 billion market capitalization. GSHD delivered a 7.49% return since the beginning of the year, while its 12-month returns are up by 8.78%. The stock closed at $134.10 per share on November 22, 2021.

Here is what Polen U.S. Small Company Growth has to say about Goosehead Insurance, Inc.  in its Q3 2021 investor letter:

“Goosehead Insurance reported a 28% increase in organic revenue growth and 40% increase in core revenue growth year over year. During the quarter, the company released its Digital Agent Platform, a direct-to-consumer insurance quoting platform designed to help customers research and buy insurance coverage in a simple, transparent, and efficient way.”

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Based on our calculations, Goosehead Insurance, Inc. (NASDAQ: GSHD) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. GSHD was in 13 hedge fund portfolios at the end of the third quarter of 2021, compared to 14 funds in the previous quarter. Goosehead Insurance, Inc. (NASDAQ: GSHD) delivered a -2.85% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.