Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 643,514 shares of the company’s stock after buying an additional 5,969 shares during the quarter. Geode Capital Management LLC owned about 1.73% of Goosehead Insurance worth $57,476,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. raised its position in Goosehead Insurance by 30.4% in the second quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company’s stock valued at $2,017,000 after purchasing an additional 8,193 shares during the period. Quarry LP increased its position in shares of Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after purchasing an additional 787 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in Goosehead Insurance in the 2nd quarter valued at about $408,000. BNP Paribas Financial Markets lifted its position in Goosehead Insurance by 135.1% in the third quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock valued at $1,982,000 after buying an additional 12,759 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Goosehead Insurance during the second quarter worth about $436,000.

Goosehead Insurance Price Performance

GSHD stock opened at $106.19 on Monday. The business’s 50-day moving average is $113.54 and its two-hundred day moving average is $89.08. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $3.94 billion, a P/E ratio of 147.49, a P/E/G ratio of 4.51 and a beta of 1.38. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39.

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

Insider Buying and Selling

In other 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 transaction of $6,428,801.94. Following the completion of the sale, the chief executive officer now owns 30,000 shares in the company, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the stock in a transaction 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 transaction, the insider now directly owns 5,000 shares in the company, valued at $450,450. This trade represents a 30.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 122,255 shares of company stock worth $12,686,800. Corporate insiders own 48.35% of the company’s stock.

Analyst Upgrades and Downgrades

GSHD has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Royal Bank of Canada upped their price target on Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. TD Cowen boosted their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. JMP Securities increased their target price on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. Finally, Truist Financial lifted their target price 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and an average 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.