Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Fiera Capital Corp

Fiera Capital Corp decreased its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 33.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,582 shares of the company’s stock after selling 1,828 shares during the period. Fiera Capital Corp’s holdings in Goosehead Insurance were worth $384,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GSHD. Arizona State Retirement System grew its stake in shares of Goosehead Insurance by 3.3% in the 4th quarter. Arizona State Retirement System now owns 4,507 shares of the company’s stock worth $562,000 after purchasing an additional 142 shares during the last quarter. Creative Planning acquired a new position in shares of Goosehead Insurance in the 4th quarter worth approximately $635,000. Baker Tilly Financial LLC acquired a new position in shares of Goosehead Insurance in the 4th quarter worth approximately $437,000. Los Angeles Capital Management LLC acquired a new position in shares of Goosehead Insurance in the 4th quarter worth approximately $490,000. Finally, US Bancorp DE grew its stake in shares of Goosehead Insurance by 6.5% in the 4th quarter. US Bancorp DE now owns 23,757 shares of the company’s stock worth $2,965,000 after purchasing an additional 1,445 shares during the last quarter. 47.53% of the stock is currently owned by hedge funds and other institutional investors.

Goosehead Insurance stock opened at $92.51 on Friday. The stock has a 50 day moving average price of $97.06. The stock has a market capitalization of $3.40 billion, a P/E ratio of 192.73, a P/E/G ratio of 3.87 and a beta of 0.52. Goosehead Insurance, Inc has a fifty-two week low of $62.75 and a fifty-two week high of $174.79.

Several equities analysts have recently issued reports on GSHD shares. Keefe, Bruyette & Woods raised shares of Goosehead Insurance from a “market perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research note on Thursday, April 15th. Zacks Investment Research raised shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Monday, April 26th. Finally, JPMorgan Chase & Co. started coverage on shares of Goosehead Insurance in a research report on Monday, May 24th. They issued an “overweight” rating and a $100.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Goosehead Insurance currently has an average rating of “Buy” and an average price target of $131.20.

In related news, major shareholder Mark E. Jr. Jones sold 7,997 shares of the firm’s stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $103.19, for a total transaction of $825,210.43. Following the completion of the sale, the insider now directly owns 375,553 shares in the company, valued at $38,753,314.07. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Drew Burks sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 28th. The stock was sold at an average price of $90.69, for a total transaction of $90,690.00. Following the sale, the insider now owns 1,039 shares of the company’s stock, valued at $94,226.91. The disclosure for this sale can be found here. Over the last three months, insiders sold 424,063 shares of company stock worth $37,420,661. 51.97% of the stock is currently owned by insiders.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It 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.

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

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