GoHealth Ownership
| GOCO Stock | USD 11.90 0.40 3.48% |
Shares in Circulation | First Issued 2019-03-31 | Previous Quarter 10 M | Current Value 14.6 M | Avarage Shares Outstanding 10.6 M | Quarterly Volatility 5.4 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
GoHealth |
GoHealth Stock Ownership Analysis
About 15.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.57. Some equities with similar Price to Book (P/B) outperform the market in the long run. GoHealth recorded a loss per share of 3.29. The entity had not issued any dividends in recent years. The firm had 1:15 split on the 18th of November 2022. GoHealth, Inc. operates as a health insurance marketplace and Medicare focused digital health company in the United States. GoHealth, Inc. was founded in 2001 and is headquartered in Chicago, Illinois with additional offices in Charlotte, North Carolina, Lindon, Utah, Bratislava, Slovakia, and Kosice, Slovakia. Gohealth Inc operates under Insurance Brokers classification in the United States and is traded on NASDAQ Exchange. It employs 5448 people. To learn more about GoHealth call Vijay Kotte at 312 386 8200 or check out https://www.gohealth.com.Besides selling stocks to institutional investors, GoHealth also allocates a substantial amount of its earnings to a pull of share-based compensation to be paid out to its employees, managers, executives, and members of the board of directors. Share-Based compensation (also sometimes called Stock-Based Compensation) is a way of paying different GoHealth's stakeholders with equity in the business. It is typically used as a motivation factor for employees to contribute beyond their regular compensation (salary and bonus). It is also used as a tool to align GoHealth's strategic interests with those of the company's shareholders. Shares issued to employees are usually subject to a vesting period before they are earned and sold.
GoHealth Quarterly Liabilities And Stockholders Equity |
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GoHealth Insider Trades History
About 15.0% of GoHealth are currently held by insiders. Unlike GoHealth's institutional investors, corporate insiders most likely have a limit on the maximum percentage of share ownership. This is done to align insiders' influence against GoHealth's private investors even though both sides will benefit from rising prices or experience loss when the share price declines. The good rule to have in mind is that the maximum share ownership percentage of the corporate insiders should not surpass 25%. View all of GoHealth's insider trades
GoHealth Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as GoHealth is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading GoHealth backward and forwards among themselves. GoHealth's institutional investor refers to the entity that pools money to purchase GoHealth's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Bridgeway Capital Management, Llc | 2024-09-30 | 22 K | Renaissance Technologies Corp | 2024-09-30 | 21.6 K | Empowered Funds, Llc | 2024-06-30 | 21 K | Charles Schwab Investment Management Inc | 2024-09-30 | 15.4 K | Susquehanna International Group, Llp | 2024-06-30 | 14.8 K | Bank Of New York Mellon Corp | 2024-06-30 | 13 K | Amvescap Plc. | 2024-06-30 | 12.5 K | Bank Of America Corp | 2024-06-30 | 6.2 K | Barclays Plc | 2024-06-30 | 5.2 K | Centerbridge Partners, L.p. | 2024-09-30 | 4.2 M | Blackrock Inc | 2024-06-30 | 294.6 K |
GoHealth Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific GoHealth insiders, such as employees or executives, is commonly permitted as long as it does not rely on GoHealth's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases GoHealth insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
GoHealth Outstanding Bonds
GoHealth issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. GoHealth uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most GoHealth bonds can be classified according to their maturity, which is the date when GoHealth has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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GoHealth Corporate Filings
8K | 7th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 4th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F3 | 23rd of October 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 21st of June 2024 An amendment to a previously filed Form 8-K | ViewVerify |
Pair Trading with GoHealth
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GoHealth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GoHealth will appreciate offsetting losses from the drop in the long position's value.Moving together with GoHealth Stock
| 0.89 | EHTH | eHealth | PairCorr |
| 0.83 | AON | Aon PLC | PairCorr |
| 0.67 | BRO | Brown Brown Fiscal Year End 27th of January 2025 | PairCorr |
Moving against GoHealth Stock
| 0.78 | ERIE | Erie Indemnity | PairCorr |
| 0.68 | RELI | Reliance Global Group | PairCorr |
| 0.58 | MMC | Marsh McLennan Companies Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.51 | ZBAO | Zhibao Technology Class | PairCorr |
| 0.48 | SLQT | Selectquote Buyout Trend | PairCorr |
The ability to find closely correlated positions to GoHealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoHealth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GoHealth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GoHealth to buy it.
The correlation of GoHealth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GoHealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoHealth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GoHealth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GoHealth. If investors know GoHealth will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GoHealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.241 | Earnings Share (3.29) | Revenue Per Share 69.776 | Quarterly Revenue Growth (0.10) | Return On Assets (0.03) |
The market value of GoHealth is measured differently than its book value, which is the value of GoHealth that is recorded on the company's balance sheet. Investors also form their own opinion of GoHealth's value that differs from its market value or its book value, called intrinsic value, which is GoHealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GoHealth's market value can be influenced by many factors that don't directly affect GoHealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GoHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoHealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.