8,732 Shares in Goosehead Insurance, Inc (NASDAQ:GSHD) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,732 shares of the company’s stock, valued at approximately $780,000.

Several other institutional investors have also modified their holdings of GSHD. State of New Jersey Common Pension Fund D purchased a new position in Goosehead Insurance in the 3rd quarter valued at about $2,134,000. Jacobson & Schmitt Advisors LLC raised its holdings in shares of Goosehead Insurance by 10.6% during the third quarter. Jacobson & Schmitt Advisors LLC now owns 141,642 shares of the company’s stock valued at $12,649,000 after acquiring an additional 13,594 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Goosehead Insurance during the third quarter valued at approximately $60,000. International Assets Investment Management LLC lifted its position in shares of Goosehead Insurance by 7,593.8% in the third quarter. International Assets Investment Management LLC now owns 10,002 shares of the company’s stock valued at $8,930,000 after acquiring an additional 9,872 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Goosehead Insurance in the third quarter worth approximately $29,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on GSHD shares. Truist Financial increased their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 4th. BMO Capital Markets downgraded 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. JPMorgan Chase & Co. upped their price objective on shares of Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $84.00 target price (down from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. Finally, JMP Securities boosted their target price on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $91.30.

Goosehead Insurance Stock Down 0.1 %

GSHD stock opened at $119.08 on Friday. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $124.00. The firm has a market cap of $4.42 billion, a PE ratio of 165.39, a PEG ratio of 4.66 and a beta of 1.32. The firm’s 50 day moving average price is $97.59 and its 200-day moving average price is $78.82. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

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

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total value of $4,402,024.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value 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. This represents a 66.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,961 shares of company stock valued at $15,592,994 over the last 90 days. 48.35% of the stock is owned by 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.