DekaBank Deutsche Girozentrale Acquires Shares of 464 Goosehead Insurance, Inc (NASDAQ:GSHD)

DekaBank Deutsche Girozentrale bought a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 464 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds have also recently modified their holdings of GSHD. Capital World Investors lifted its position in shares of Goosehead Insurance by 335.5% during the 1st quarter. Capital World Investors now owns 568,000 shares of the company’s stock worth $44,628,000 after buying an additional 437,576 shares in the last quarter. Wasatch Advisors Inc. lifted its position in shares of Goosehead Insurance by 30.7% during the 1st quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock worth $117,605,000 after buying an additional 351,769 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Goosehead Insurance by 17.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company’s stock worth $173,847,000 after buying an additional 351,630 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Goosehead Insurance during the 3rd quarter worth approximately $23,614,000. Finally, Ashford Capital Management Inc. lifted its position in shares of Goosehead Insurance by 172.5% during the 4th quarter. Ashford Capital Management Inc. now owns 474,215 shares of the company’s stock worth $16,285,000 after buying an additional 300,185 shares in the last quarter.

Insider Activity

In other news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the completion of the transaction, the insider now directly owns 132,349 shares in the company, valued at approximately $9,915,587.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of Goosehead Insurance stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $9,915,587.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark Miller acquired 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of $73.86 per share, with a total value of $369,300.00. Following the completion of the acquisition, the chief operating officer now directly owns 20,000 shares in the company, valued at approximately $1,477,200. The disclosure for this purchase can be found here. In the last three months, insiders bought 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. Company insiders own 38.03% of the company’s stock.

Goosehead Insurance Stock Up 0.1 %

Goosehead Insurance stock opened at $56.50 on Thursday. Goosehead Insurance, Inc has a 1-year low of $51.06 and a 1-year high of $92.76. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 99.12, a P/E/G ratio of 3.98 and a beta of 1.28. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02. The firm has a 50 day simple moving average of $72.94 and a 200 day simple moving average of $73.11.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $63.01 million for the quarter, compared to analysts’ expectations of $68.18 million. Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. On average, analysts predict that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JMP Securities reissued a “market outperform” rating and set a $100.00 target price on shares of Goosehead Insurance in a research report on Monday. Piper Sandler raised their price target on shares of Goosehead Insurance from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Truist Financial decreased their price target on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $61.00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, TD Cowen began coverage on shares of Goosehead Insurance in a research note on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price target for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Goosehead Insurance currently has a consensus rating of “Moderate Buy” and an average price target of $84.88.

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.