Russell Investments Group Ltd. Purchases 16,340 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Russell Investments Group Ltd. raised its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 41.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,665 shares of the company’s stock after acquiring an additional 16,340 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of Goosehead Insurance worth $8,476,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP bought a new stake in shares of Goosehead Insurance in the third quarter valued at approximately $95,000. Steward Partners Investment Advisory LLC raised its position in Goosehead Insurance by 54.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 734 shares of the company’s stock valued at $93,000 after purchasing an additional 259 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in Goosehead Insurance during the third quarter valued at approximately $152,000. Advisory Services Network LLC acquired a new position in Goosehead Insurance during the second quarter valued at approximately $139,000. Finally, CHICAGO TRUST Co NA acquired a new position in Goosehead Insurance during the third quarter valued at approximately $215,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Shares of NASDAQ:GSHD opened at $98.59 on Friday. The company has a market capitalization of $3.65 billion, a PE ratio of 259.45, a price-to-earnings-growth ratio of 4.60 and a beta of 0.48. Goosehead Insurance, Inc has a 52-week low of $78.86 and a 52-week high of $181.30. The company has a fifty day moving average of $130.04 and a 200-day moving average of $137.13.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, October 27th. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.11. The business had revenue of $41.60 million during the quarter, compared to the consensus estimate of $39.76 million. Goosehead Insurance had a negative return on equity of 17.73% and a net margin of 5.41%. Goosehead Insurance’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. Sell-side analysts expect that Goosehead Insurance, Inc will post 0.33 earnings per share for the current fiscal year.

Several brokerages have commented on GSHD. Bank of America downgraded shares of Goosehead Insurance from a “neutral” rating to an “underperform” rating and set a $154.00 price objective for the company. in a research report on Monday, October 18th. They noted that the move was a valuation call. Keefe, Bruyette & Woods boosted their price objective on shares of Goosehead Insurance from $140.00 to $181.00 and gave the company an “outperform” rating in a research report on Wednesday, October 6th. Piper Sandler boosted their price objective on shares of Goosehead Insurance from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, October 5th. TheStreet downgraded shares of Goosehead Insurance from a “b” rating to a “c+” rating in a report on Wednesday, October 27th. Finally, JMP Securities lowered their price target on shares of Goosehead Insurance from $170.00 to $160.00 and set a “market outperform” rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $159.38.

In other Goosehead Insurance news, major shareholder Desiree Coleman sold 691 shares of the company’s stock in a transaction on Wednesday, November 3rd. The shares were sold at an average price of $140.32, for a total transaction of $96,961.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Mark Evan Jones sold 32,931 shares of the company’s stock in a transaction on Tuesday, November 2nd. The shares were sold at an average price of $136.93, for a total transaction of $4,509,241.83. The disclosure for this sale can be found here. Insiders sold 176,486 shares of company stock valued at $24,585,573 over the last 90 days. 51.97% of the stock is currently owned by company insiders.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc is a holding company, which engages in the provision of independent personal lines insurance agency. It operates through the Corporate Channel and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained, and managed by the company.

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Institutional Ownership by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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