Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 17.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,672 shares of the company’s stock after acquiring an additional 695 shares during the quarter. Raymond James & Associates’ holdings in Goosehead Insurance were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Contravisory Investment Management Inc. lifted its holdings in shares of Goosehead Insurance by 1,149.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 3,198 shares of the company’s stock valued at $242,000 after acquiring an additional 2,942 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its holdings in shares of Goosehead Insurance by 13.4% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 5,000 shares of the company’s stock valued at $379,000 after acquiring an additional 589 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Goosehead Insurance by 20.7% during the 4th quarter. Harbour Capital Advisors LLC now owns 8,030 shares of the company’s stock valued at $561,000 after acquiring an additional 1,375 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 valued at $173,847,000 after acquiring an additional 351,630 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of Goosehead Insurance during the 3rd quarter valued at $494,000.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, General Counsel John Terry O’connor acquired 1,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of $73.46 per share, with a total value of $73,460.00. Following the transaction, the general counsel now directly owns 1,000 shares in the company, valued at $73,460. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, General Counsel John Terry O’connor bought 1,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $73.46 per share, for a total transaction of $73,460.00. Following the transaction, the general counsel now owns 1,000 shares in the company, valued at $73,460. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was 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 owns 132,349 shares of the company’s stock, valued at approximately $9,915,587.08. The disclosure for this sale can be found here. In the last quarter, insiders acquired 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD opened at $55.50 on Monday. The company has a quick ratio of 1.82, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $92.76. The firm has a 50-day simple moving average of $68.89 and a 200 day simple moving average of $72.42. The company has a market cap of $2.11 billion, a PE ratio of 89.52, a P/E/G ratio of 3.99 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. The business had revenue of $64.46 million during the quarter, compared to the consensus estimate of $66.24 million. On average, sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

GSHD has been the topic of a number of recent analyst reports. Piper Sandler cut their price objective on shares of Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods cut their price objective on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday. Truist Financial cut their price objective on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Royal Bank of Canada dropped their target price on shares of Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Goosehead Insurance currently has an average rating of “Moderate Buy” and a consensus price target of $80.89.

Goosehead Insurance 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.