Louisiana State Employees Retirement System Has $729,000 Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Louisiana State Employees Retirement System raised its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 5.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,700 shares of the company’s stock after buying an additional 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Goosehead Insurance were worth $729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas grew its holdings in Goosehead Insurance by 5,350.0% in the 4th quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after buying an additional 321 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Goosehead Insurance in the 1st quarter valued at approximately $35,000. CENTRAL TRUST Co acquired a new stake in Goosehead Insurance in the 1st quarter valued at approximately $67,000. PNC Financial Services Group Inc. lifted its position in shares of Goosehead Insurance by 13.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after acquiring an additional 165 shares during the period. Finally, RiverPark Advisors LLC bought a new stake in shares of Goosehead Insurance in the 1st quarter worth approximately $104,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. TD Cowen downgraded Goosehead Insurance from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $98.00 to $94.00 in a research report on Thursday, August 15th. BMO Capital Markets downgraded Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective for the company. in a research report on Thursday, August 22nd. Piper Sandler raised their price objective on Goosehead Insurance from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, UBS Group raised their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and an average target price of $80.40.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, Chairman Mark Evan Jones sold 10,418 shares of Goosehead Insurance stock in a transaction on Friday, August 16th. The stock was sold at an average price of $85.88, for a total value of $894,697.84. Following the completion of the transaction, the chairman now owns 39,451 shares in the company, valued at approximately $3,388,051.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of Goosehead Insurance stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $425,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark Evan Jones sold 10,418 shares of Goosehead Insurance stock in a transaction on Friday, August 16th. The shares were sold at an average price of $85.88, for a total value of $894,697.84. Following the completion of the sale, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,388,051.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,798 shares of company stock worth $4,454,640. 48.35% of the stock is currently owned by insiders.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $85.05 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. The company has a market capitalization of $3.23 billion, a PE ratio of 137.18, a price-to-earnings-growth ratio of 4.61 and a beta of 1.35. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $92.76. The business has a 50 day simple moving average of $72.71 and a 200 day simple moving average of $68.75.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The firm had revenue of $78.10 million during the quarter, compared to the consensus estimate of $74.31 million. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, sell-side analysts forecast that Goosehead Insurance, Inc will post 0.75 EPS for the current fiscal year.

About Goosehead Insurance

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.