Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,551 shares of the company’s stock after purchasing an additional 902 shares during the period. The Manufacturers Life Insurance Company’s holdings in Goosehead Insurance were worth $721,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Goosehead Insurance during the 1st quarter worth approximately $35,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Goosehead Insurance by 49.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after acquiring an additional 210 shares during the period. PNC Financial Services Group Inc. raised its holdings in Goosehead Insurance by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after buying an additional 165 shares during the period. RiverPark Advisors LLC purchased a new stake in shares of Goosehead Insurance during the first quarter valued at approximately $104,000. Finally, Harbor Investment Advisory LLC increased its stake in shares of Goosehead Insurance by 20.8% in the first quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after buying an additional 277 shares during the last quarter.

Insider Buying and Selling

In other news, major shareholder Patrick Ryan Langston sold 2,167 shares of Goosehead Insurance stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $90.09, for a total transaction of $195,225.03. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $450,450. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Chairman Mark Evan Jones sold 8,977 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $82.33, for a total transaction of $739,076.41. Following the completion of the transaction, the chairman now owns 39,451 shares in the company, valued at $3,248,000.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $90.09, for a total transaction of $195,225.03. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $450,450. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,798 shares of company stock worth $5,357,113. Corporate insiders own 48.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GSHD. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price target on shares of Goosehead Insurance in a report on Thursday, July 25th. Piper Sandler increased their price objective on Goosehead Insurance from $72.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $84.00 price objective (down from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. TD Cowen lowered Goosehead Insurance from a “buy” rating to a “hold” rating and lowered their target price for the company from $98.00 to $94.00 in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and a consensus target price of $84.10.

Goosehead Insurance Trading Up 4.3 %

NASDAQ GSHD opened at $94.36 on Tuesday. The stock has a 50-day moving average of $86.31 and a 200-day moving average of $70.96. The firm has a market cap of $3.58 billion, a PE ratio of 152.19, a price-to-earnings-growth ratio of 4.72 and a beta of 1.35. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $94.90.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share 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 for the quarter, compared to analysts’ expectations of $74.31 million. During the same period in the prior year, the firm earned $0.25 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Goosehead Insurance, Inc will post 0.76 EPS for the current year.

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.