Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,700 shares of the company’s stock after selling 1,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Goosehead Insurance were worth $1,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Goosehead Insurance by 34.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock worth $196,956,000 after purchasing an additional 879,959 shares during the last quarter. Vanguard Group Inc. grew its holdings in Goosehead Insurance by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after acquiring an additional 46,861 shares during the period. Motley Fool Asset Management LLC raised its position in Goosehead Insurance by 407.4% during the first quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock valued at $35,542,000 after acquiring an additional 428,355 shares in the last quarter. American Century Companies Inc. lifted its holdings in Goosehead Insurance by 35.7% in the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after acquiring an additional 110,832 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Goosehead Insurance by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock worth $22,580,000 after purchasing an additional 51,023 shares during the period.

Analysts Set New Price Targets

GSHD has been the topic of a number of recent analyst reports. TD Cowen downgraded shares of Goosehead Insurance from a “buy” rating to a “hold” rating and lowered their price target for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $84.00 target price (down from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. Royal Bank of Canada lifted their price target on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. UBS Group raised their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Truist Financial boosted their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $91.30.

Goosehead Insurance Stock Performance

Shares of NASDAQ:GSHD opened at $107.68 on Friday. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $111.41. The firm has a market capitalization of $4.00 billion, a PE ratio of 149.56, a P/E/G ratio of 4.19 and a beta of 1.32. The business’s 50 day moving average price is $91.71 and its 200-day moving average price is $74.84.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, equities research analysts expect that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 2,167 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $90.09, for a total value of $195,225.03. Following the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at $450,450. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Chairman Mark Evan Jones sold 10,418 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $85.88, for a total value of $894,697.84. Following the completion of the sale, the chairman now owns 39,451 shares of the company’s stock, valued at approximately $3,388,051.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $90.09, for a total transaction of $195,225.03. Following 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 disclosure for this sale can be found here. In the last quarter, insiders sold 116,726 shares of company stock valued at $10,712,638. Corporate insiders own 48.35% of the company’s stock.

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.