6,643 Shares in Goosehead Insurance, Inc (NASDAQ:GSHD) Bought by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 6,643 shares of the company’s stock, valued at approximately $593,000.

A number of other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Goosehead Insurance by 14.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,152 shares of the company’s stock valued at $410,000 after acquiring an additional 777 shares during the last quarter. Janus Henderson Group PLC raised its position in Goosehead Insurance by 55.6% during the 1st quarter. Janus Henderson Group PLC now owns 15,972 shares of the company’s stock valued at $1,064,000 after purchasing an additional 5,705 shares during the last quarter. Wesbanco Bank Inc. lifted its holdings in Goosehead Insurance by 47.5% in the 2nd quarter. Wesbanco Bank Inc. now owns 14,458 shares of the company’s stock worth $830,000 after buying an additional 4,658 shares during the period. Portside Wealth Group LLC lifted its holdings in Goosehead Insurance by 28.8% in the 2nd quarter. Portside Wealth Group LLC now owns 9,393 shares of the company’s stock worth $540,000 after buying an additional 2,100 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in shares of Goosehead Insurance by 5.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the company’s stock worth $729,000 after buying an additional 600 shares during the last quarter.

Insider Transactions at Goosehead Insurance

In related news, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at $3,306,600. The trade was a 66.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total value of $4,402,024.88. The disclosure for this sale can be found here. Insiders sold a total of 122,255 shares of company stock valued at $12,686,800 in the last quarter. 48.35% of the stock is owned by insiders.

Goosehead Insurance Price Performance

GSHD stock opened at $126.12 on Friday. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a 50 day moving average price of $105.11 and a 200-day moving average price of $83.28. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 175.17, a PEG ratio of 4.88 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts forecast that Goosehead Insurance, Inc will post 0.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on GSHD shares. Piper Sandler upped their target price on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Truist Financial raised their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada lifted their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, JMP Securities raised their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Goosehead Insurance has an average rating of “Hold” and a consensus target price of $97.90.

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.