State Street Corp Purchases 185,037 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

State Street Corp increased its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 21.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,059,298 shares of the company’s stock after purchasing an additional 185,037 shares during the quarter. State Street Corp owned approximately 2.85% of Goosehead Insurance worth $94,595,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Goosehead Insurance in the 3rd quarter worth approximately $29,000. GAMMA Investing LLC grew its stake in Goosehead Insurance by 195.8% in the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after purchasing an additional 231 shares during the period. Blue Trust Inc. increased its position in shares of Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after purchasing an additional 403 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Goosehead Insurance by 49.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after purchasing an additional 210 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new stake in shares of Goosehead Insurance during the 3rd quarter worth $60,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JMP Securities raised their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada lifted their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen increased their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Piper Sandler boosted their target price on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, Truist Financial upped their price target on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus price target of $97.90.

Goosehead Insurance Stock Down 0.3 %

Shares of NASDAQ GSHD opened at $114.94 on Tuesday. The business has a 50-day simple moving average of $112.01 and a two-hundred day simple moving average of $87.97. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. The company has a market cap of $4.27 billion, a P/E ratio of 159.64, a P/E/G ratio of 4.51 and a beta of 1.38. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. Goosehead Insurance’s revenue for the quarter was up 9.9% on a year-over-year basis. Research analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 2,167 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $90.09, for a total value of $195,225.03. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $450,450. The trade was a 30.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Miller sold 58,327 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at approximately $3,306,600. This represents a 66.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 122,255 shares of company stock valued at $12,686,800. 48.35% of the stock is currently owned by company insiders.

Goosehead Insurance Company Profile

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.