Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 32.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,074 shares of the company’s stock after purchasing an additional 40,107 shares during the quarter. Sei Investments Co.’s holdings in Goosehead Insurance were worth $9,424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GSHD. Motley Fool Asset Management LLC boosted its stake in Goosehead Insurance by 407.4% during the first quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after buying an additional 428,355 shares during the period. Wasatch Advisors LP boosted its position in shares of Goosehead Insurance by 17.2% during the 1st quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock worth $140,025,000 after purchasing an additional 308,312 shares during the period. American Century Companies Inc. increased its holdings in Goosehead Insurance by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after purchasing an additional 110,832 shares during the last quarter. Norden Group LLC raised its position in Goosehead Insurance by 1,839.4% in the first quarter. Norden Group LLC now owns 109,942 shares of the company’s stock valued at $7,324,000 after purchasing an additional 104,273 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Goosehead Insurance by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock worth $22,580,000 after purchasing an additional 51,023 shares in the last quarter.

Insider Activity at Goosehead Insurance

In related news, major shareholder Patrick Ryan Langston sold 4,814 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $90.26, for a total value of $434,511.64. Following the completion of the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at $451,300. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 4,814 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $90.26, for a total transaction of $434,511.64. Following the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $451,300. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Mark Evan Jones sold 8,977 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $82.33, for a total transaction of $739,076.41. Following the transaction, the chairman now owns 39,451 shares in the company, valued at $3,248,000.83. The disclosure for this sale can be found here. Insiders have sold 57,612 shares of company stock valued at $4,889,152 in the last ninety days. Insiders own 48.35% of the company’s stock.

Analyst Upgrades and Downgrades

GSHD has been the subject of a number of research reports. Truist Financial lifted their price objective on Goosehead Insurance from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. BMO Capital Markets lowered shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a research note on Thursday, August 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price objective on shares of Goosehead Insurance in a research note on Thursday, July 25th. UBS Group upped their target price on shares of Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Piper Sandler raised their price target on shares of Goosehead Insurance from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.40.

Goosehead Insurance Stock Down 0.5 %

Goosehead Insurance stock opened at $88.95 on Friday. The stock has a market cap of $3.38 billion, a PE ratio of 143.47, a P/E/G ratio of 4.60 and a beta of 1.35. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. The stock’s fifty day moving average is $84.58 and its two-hundred day moving average is $69.55. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The firm had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $74.31 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts expect that Goosehead Insurance, Inc will post 0.76 EPS for the current fiscal year.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.