7,588 Shares in Goosehead Insurance, Inc (NASDAQ:GSHD) Bought by Marshall Wace LLP

Marshall Wace LLP acquired a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,588 shares of the company’s stock, valued at approximately $436,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in Goosehead Insurance by 34.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock valued at $196,956,000 after acquiring an additional 879,959 shares during the period. Motley Fool Asset Management LLC grew its stake in shares of Goosehead Insurance by 407.4% in the 1st quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock valued at $35,542,000 after purchasing an additional 428,355 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Goosehead Insurance by 17.2% in the first quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock valued at $140,025,000 after purchasing an additional 308,312 shares during the period. American Century Companies Inc. raised its stake in shares of Goosehead Insurance by 35.7% during the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after purchasing an additional 110,832 shares during the last quarter. Finally, Norden Group LLC lifted its holdings in shares of Goosehead Insurance by 1,839.4% during the first quarter. Norden Group LLC now owns 109,942 shares of the company’s stock worth $7,324,000 after purchasing an additional 104,273 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GSHD shares. BMO Capital Markets lowered shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a research note on Thursday, August 22nd. JPMorgan Chase & Co. increased their target price on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Piper Sandler lifted their price target on Goosehead Insurance from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. UBS Group upped their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $80.00 target price on shares of Goosehead Insurance in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $81.90.

Goosehead Insurance Stock Performance

Goosehead Insurance stock opened at $90.57 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’s fifty day moving average price is $86.09 and its 200 day moving average price is $70.53. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 146.08, a price-to-earnings-growth ratio of 4.60 and a beta of 1.35. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $94.60.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, topping 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 business had revenue of $78.10 million for the quarter, compared to analysts’ expectations of $74.31 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. On average, research analysts forecast that Goosehead Insurance, Inc will post 0.76 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Patrick Ryan Langston sold 3,019 shares of Goosehead Insurance stock in a transaction on Friday, September 27th. The shares were sold at an average price of $90.34, for a total value of $272,736.46. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at approximately $451,700. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Patrick Ryan Langston sold 3,019 shares of Goosehead Insurance stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $90.34, for a total value of $272,736.46. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at approximately $451,700. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark Evan Jones sold 10,418 shares of the company’s stock in a transaction that occurred 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 sale, the chairman now owns 39,451 shares in the company, valued at $3,388,051.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 62,798 shares of company stock worth $5,357,113. 48.35% of the stock is currently owned by insiders.

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.