Pathstone Holdings LLC Boosts Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Pathstone Holdings LLC increased its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 31.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,681 shares of the company’s stock after buying an additional 3,747 shares during the period. Pathstone Holdings LLC’s holdings in Goosehead Insurance were worth $1,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in GSHD. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in 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 valued at $196,956,000 after purchasing an additional 879,959 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Goosehead Insurance by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after buying an additional 46,861 shares during the last quarter. American Century Companies Inc. increased its stake in Goosehead Insurance by 35.7% during the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after buying an additional 110,832 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Goosehead Insurance by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock valued at $22,580,000 after acquiring an additional 51,023 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Goosehead Insurance by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 177,516 shares of the company’s stock valued at $10,197,000 after acquiring an additional 11,139 shares in the last quarter.

Goosehead Insurance Stock Performance

Goosehead Insurance stock opened at $126.50 on Friday. The firm has a 50 day simple moving average of $103.62 and a 200-day simple moving average of $82.51. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 175.69, a price-to-earnings-growth ratio of 4.85 and a beta of 1.32. 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 $130.39.

Goosehead Insurance (NASDAQ:GSHD) last posted 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. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts expect that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

GSHD has been the subject of several research reports. BMO Capital Markets boosted their price target on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. TD Cowen raised their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada upped their price objective 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. Finally, JMP Securities increased their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. One research 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $97.90.

Insider Activity at Goosehead Insurance

In related news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $100.21, for a total transaction of $4,402,024.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of Goosehead Insurance stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $90.09, for a total value of $195,225.03. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $450,450. This represents a 30.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 122,255 shares of company stock worth $12,686,800. Company 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.