Public Sector Pension Investment Board Grows Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Public Sector Pension Investment Board raised its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,571 shares of the company’s stock after buying an additional 5,448 shares during the period. Public Sector Pension Investment Board’s holdings in Goosehead Insurance were worth $3,192,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Goosehead Insurance by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 308,090 shares of the company’s stock valued at $23,354,000 after purchasing an additional 30,626 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Goosehead Insurance by 2.8% during the fourth quarter. Wells Fargo & Company MN now owns 144,353 shares of the company’s stock worth $10,942,000 after buying an additional 3,864 shares in the last quarter. Evoke Wealth LLC acquired a new stake in shares of Goosehead Insurance during the fourth quarter worth approximately $1,254,000. Alberta Investment Management Corp bought a new stake in shares of Goosehead Insurance in the fourth quarter worth $598,000. Finally, Capital International Investors raised its holdings in Goosehead Insurance by 19.7% in the fourth quarter. Capital International Investors now owns 263,952 shares of the company’s stock valued at $20,008,000 after acquiring an additional 43,520 shares in the last quarter.

Insider Activity

In related news, major shareholder Patrick Ryan Langston sold 7,674 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 5,000 shares in the company, valued at approximately $425,950. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Chairman Mark Evan Jones sold 14,030 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $82.96, for a total value of $1,163,928.80. Following the completion of the transaction, the chairman now directly owns 39,451 shares in the company, valued at $3,272,854.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the company’s stock in a transaction that occurred 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 owns 5,000 shares of the company’s stock, valued at $425,950. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,612 shares of company stock valued at $4,889,152. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $88.95 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 firm has a market capitalization of $3.38 billion, a PE ratio of 143.47, a P/E/G ratio of 4.60 and a beta of 1.35. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $92.76. The business’s fifty day moving average price is $84.58 and its two-hundred day moving average price is $69.55.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $78.10 million for the quarter, compared to analysts’ expectations of $74.31 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. On average, research analysts expect that Goosehead Insurance, Inc will post 0.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GSHD. UBS Group raised their price objective on shares of Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Bank of America boosted their price objective on Goosehead Insurance from $35.00 to $37.00 and gave the company an “underperform” rating in a report on Tuesday, June 11th. Royal Bank of Canada restated an “outperform” rating and set a $80.00 price objective on shares of Goosehead Insurance in a research note on Thursday, July 25th. Truist Financial lifted their target price on Goosehead Insurance from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, BMO Capital Markets lowered Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and an average price target of $80.40.

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.