State of New Jersey Common Pension Fund D Takes Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

State of New Jersey Common Pension Fund D bought a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,899 shares of the company’s stock, valued at approximately $2,134,000. State of New Jersey Common Pension Fund D owned about 0.06% of Goosehead Insurance as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jacobson & Schmitt Advisors LLC lifted its stake in shares of Goosehead Insurance by 10.6% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 141,642 shares of the company’s stock worth $12,649,000 after purchasing an additional 13,594 shares during the period. Financial Management Professionals Inc. purchased a new position in Goosehead Insurance during the third quarter worth about $60,000. International Assets Investment Management LLC grew its holdings in Goosehead Insurance by 7,593.8% in the 3rd quarter. International Assets Investment Management LLC now owns 10,002 shares of the company’s stock valued at $8,930,000 after buying an additional 9,872 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Goosehead Insurance during the 3rd quarter valued at about $29,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Goosehead Insurance during the 3rd quarter worth about $274,000.

Analyst Ratings Changes

Several equities analysts recently commented on GSHD shares. UBS Group upped their price target on shares of Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada upped their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $84.00 price target (down previously from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. Piper Sandler raised their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Finally, TD Cowen cut Goosehead Insurance from a “buy” rating to a “hold” rating and decreased their target price for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Goosehead Insurance has an average rating of “Hold” and a consensus target price of $91.30.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the sale, the chief executive officer now owns 30,000 shares in the company, valued at $3,306,600. The trade was a 66.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $90.09, for a total transaction of $195,225.03. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at approximately $450,450. The trade was a 30.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,961 shares of company stock valued at $15,592,994 over the last three months. 48.35% of the stock is owned by insiders.

Goosehead Insurance Price Performance

GSHD opened at $119.19 on Friday. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 165.54, a PEG ratio of 4.55 and a beta of 1.32. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $124.00. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a fifty day simple moving average of $96.92 and a 200 day simple moving average of $78.38.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $78.04 million for the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. Equities research analysts expect that Goosehead Insurance, Inc will post 0.84 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.