16 Most Favored Financial Pure Plays Under $100 According to Hedge Funds

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10. GooseHead Insurance (NASDAQ:GSHD)

Sector/Industry: Financial (Insurance Brokers)

Share Price: $74.57

Potential Upside: 22.4%

Number of Hedge Fund Holders: 23

GooseHead Insurance (NASDAQ:GSHD) is one of the best financial pure plays under $100 according to Hedge Funds.

On December 1, Jefferies analyst Andrew Andersen initiated coverage on GooseHead Insurance (NASDAQ:GSHD) with a Buy rating. The analyst has set a price target of $93 for the stock, representing almost 25% upside for investors.

Andersen noted GooseHead Insurance’s (NASDAQ:GSHD) strategic position and growth outlook as key catalysts. The company is currently benefiting from the ongoing expansion within the property and casualty insurance market. Andersen sees its unique broker model leading to strong customer retention and bind rates, along with higher commissions in the future.

Anderson also praised the company’s low-risk expansion strategy through partnerships with independent agencies. Such a capital-light franchise model allows them to achieve high margins without deploying significant initial capital. Going forward, such strategic partnerships and further growth within the P&C insurance market will prove to be the major drivers for GooseHead Insurance (NASDAQ:GSHD).

GooseHead Insurance (NASDAQ:GSHD) is covered by 12 analysts, 5 of whom have assigned Buy ratings and 6 have given Hold calls. There is just 1 Sell rating for the stock, and the forecasted 1-year median price target stands at $91.27. This gives investors an upside of above 22%, as of the close of play on December 30.

GooseHead Insurance (NASDAQ:GSHD) is an independent personal lines insurance agency that covers policies from over 200 insurance companies. This allows them to deliver optimal policy rates for their customers. They cover different types of insurance plans, ranging from home insurance, autos, property, life insurance, and many more.

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