Goosehead Insurance, Inc (NASDAQ:GSHD) Stock Holdings Reduced by Strs Ohio

Strs Ohio lowered its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,900 shares of the company’s stock after selling 500 shares during the quarter. Strs Ohio’s holdings in Goosehead Insurance were worth $826,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its stake in shares of Goosehead Insurance by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock worth $1,140,000 after acquiring an additional 161 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Goosehead Insurance by 18.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,229 shares of the company’s stock worth $92,000 after acquiring an additional 195 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Goosehead Insurance by 3.6% during the 3rd quarter. Arizona State Retirement System now owns 6,122 shares of the company’s stock worth $456,000 after acquiring an additional 214 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Goosehead Insurance by 28.9% during the 3rd quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock worth $83,000 after acquiring an additional 250 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in shares of Goosehead Insurance by 7.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,287 shares of the company’s stock worth $394,000 after acquiring an additional 369 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GSHD. BMO Capital Markets decreased their price target on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, March 28th. JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $61.00 to $62.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. TD Cowen began coverage on Goosehead Insurance in a research report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price objective for the company. Truist Financial cut their price objective on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. Finally, Piper Sandler boosted their price objective on Goosehead Insurance from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.88.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total value of $2,722,368.04. Following the sale, the insider now directly owns 132,349 shares in the company, valued at approximately $9,915,587.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total value of $2,722,368.04. Following the sale, the insider now directly owns 132,349 shares in the company, valued at approximately $9,915,587.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel John Terry O’connor acquired 1,000 shares of the stock in a transaction dated Monday, February 26th. The stock was bought at an average price of $73.46 per share, for a total transaction of $73,460.00. Following the completion of the purchase, the general counsel now owns 1,000 shares in the company, valued at approximately $73,460. The disclosure for this purchase can be found here. In the last quarter, insiders bought 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. Insiders own 38.03% of the company’s stock.

Goosehead Insurance Trading Up 0.3 %

Goosehead Insurance stock opened at $60.20 on Thursday. The business has a 50 day moving average price of $70.97 and a two-hundred day moving average price of $72.75. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.02. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 105.61, a price-to-earnings-growth ratio of 4.23 and a beta of 1.28. Goosehead Insurance, Inc has a 12 month low of $53.57 and a 12 month high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $63.01 million during the quarter, compared to analyst estimates of $68.18 million. Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. As a group, equities analysts forecast that Goosehead Insurance, Inc will post 0.8 EPS for the current year.

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.