Amalgamated Bank Lowers Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Amalgamated Bank decreased its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 2.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,507 shares of the company’s stock after selling 164 shares during the period. Amalgamated Bank’s holdings in Goosehead Insurance were worth $431,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Goosehead Insurance by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 308,090 shares of the company’s stock worth $23,354,000 after buying an additional 30,626 shares during the period. Wells Fargo & Company MN boosted its position in shares of Goosehead Insurance by 2.8% in the 4th quarter. Wells Fargo & Company MN now owns 144,353 shares of the company’s stock worth $10,942,000 after purchasing an additional 3,864 shares in the last quarter. Alberta Investment Management Corp purchased a new position in Goosehead Insurance in the 4th quarter worth approximately $598,000. Capital International Investors raised its holdings in Goosehead Insurance by 19.7% in the 4th quarter. Capital International Investors now owns 263,952 shares of the company’s stock worth $20,008,000 after acquiring an additional 43,520 shares during the last quarter. Finally, Ghisallo Capital Management LLC raised its holdings in Goosehead Insurance by 63.7% in the 4th quarter. Ghisallo Capital Management LLC now owns 25,041 shares of the company’s stock worth $1,898,000 after acquiring an additional 9,741 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets lowered shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 target price for the company. in a research note on Thursday, August 22nd. Truist Financial boosted their target price on shares of Goosehead Insurance from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Bank of America upped their target price on shares of Goosehead Insurance from $35.00 to $37.00 and gave the stock an “underperform” rating in a report on Tuesday, June 11th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $80.40.

Goosehead Insurance Stock Down 0.5 %

Shares of NASDAQ GSHD opened at $88.95 on Monday. 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 cap of $3.38 billion, a P/E ratio of 143.47, a PEG 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 firm has a 50-day simple moving average of $84.58 and a two-hundred day simple moving average of $69.51.

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

Insider Buying and Selling

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 shares were sold at an average price of $85.88, for a total value of $894,697.84. Following the transaction, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,388,051.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Mark Evan Jones sold 10,418 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $85.88, for a total transaction of $894,697.84. Following the sale, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,388,051.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Patrick Ryan Langston sold 4,814 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $90.26, for a total transaction of $434,511.64. Following the sale, the insider now directly owns 5,000 shares in the company, valued at $451,300. The disclosure for this sale can be found here. Insiders sold 57,612 shares of company stock valued at $4,889,152 over the last 90 days. Corporate insiders own 48.35% of the company’s stock.

Goosehead Insurance Company 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.