SG Americas Securities LLC Decreases Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

SG Americas Securities LLC cut its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 18.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 42,186 shares of the company’s stock after selling 9,476 shares during the quarter. SG Americas Securities LLC’s holdings in Goosehead Insurance were worth $4,980,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alberta Investment Management Corp boosted its position in shares of Goosehead Insurance by 232.8% in the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock worth $3,923,000 after buying an additional 25,595 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Goosehead Insurance by 48.1% in the 4th quarter. Deutsche Bank AG now owns 20,987 shares of the company’s stock worth $2,250,000 after buying an additional 6,813 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Goosehead Insurance by 11,900.8% in the 1st quarter. GAMMA Investing LLC now owns 72,725 shares of the company’s stock worth $8,586,000 after buying an additional 72,119 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Goosehead Insurance in the 4th quarter valued at about $536,000. Finally, Point72 Asset Management L.P. purchased a new position in Goosehead Insurance in the 4th quarter valued at about $665,000.

Goosehead Insurance Trading Up 0.6%

NASDAQ GSHD opened at $108.24 on Friday. Goosehead Insurance, Inc has a 12 month low of $54.80 and a 12 month high of $130.39. The company has a 50-day moving average of $106.28 and a 200-day moving average of $110.77. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $4.06 billion, a P/E ratio of 150.34, a P/E/G ratio of 5.17 and a beta of 1.46.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. As a group, equities analysts predict that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Insider Buying and Selling

In other Goosehead Insurance news, General Counsel John Terry O’connor sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total value of $261,050.00. Following the completion of the sale, the general counsel now owns 1,000 shares of the company’s stock, valued at $104,420. This trade represents a 71.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Lindy Langston sold 2,853 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $110.16, for a total transaction of $314,286.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 162,678 shares of company stock valued at $17,689,105. 48.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GSHD shares. Piper Sandler reduced their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. BMO Capital Markets reduced their target price on shares of Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. Truist Financial restated a “hold” rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Finally, Bank of America upped their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $115.40.

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.