WINTON GROUP Ltd Sells 1,827 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

WINTON GROUP Ltd lowered its position in Goosehead Insurance, Inc (NASDAQ:GSHDGet Rating) by 16.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,327 shares of the company’s stock after selling 1,827 shares during the period. WINTON GROUP Ltd’s holdings in Goosehead Insurance were worth $426,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GSHD. Capital World Investors boosted its holdings in Goosehead Insurance by 335.5% in the first quarter. Capital World Investors now owns 568,000 shares of the company’s stock worth $44,628,000 after acquiring an additional 437,576 shares in the last quarter. Wasatch Advisors Inc. boosted its holdings in Goosehead Insurance by 30.7% in the first quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock worth $117,605,000 after acquiring an additional 351,769 shares in the last quarter. Durable Capital Partners LP boosted its holdings in Goosehead Insurance by 24.4% in the first quarter. Durable Capital Partners LP now owns 932,444 shares of the company’s stock worth $73,262,000 after acquiring an additional 182,952 shares in the last quarter. Next Century Growth Investors LLC raised its stake in shares of Goosehead Insurance by 246.4% in the first quarter. Next Century Growth Investors LLC now owns 173,117 shares of the company’s stock worth $13,601,000 after purchasing an additional 123,138 shares during the last quarter. Finally, Granite Investment Partners LLC raised its stake in shares of Goosehead Insurance by 23.5% in the second quarter. Granite Investment Partners LLC now owns 366,481 shares of the company’s stock worth $16,737,000 after purchasing an additional 69,738 shares during the last quarter.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 8,764 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $40.19, for a total value of $352,225.16. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at $5,319,106.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Goosehead Insurance news, CFO Mark E. Jr. Jones sold 69,501 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $40.60, for a total value of $2,821,740.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 8,764 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $40.19, for a total value of $352,225.16. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at $5,319,106.31. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 8,993 shares of company stock valued at $358,237 and sold 152,305 shares valued at $6,472,198. Company insiders own 48.35% of the company’s stock.

Goosehead Insurance Trading Up 0.2 %

Shares of GSHD opened at $39.66 on Friday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 3,969.97 and a beta of 1.20. The stock has a 50 day moving average of $36.90 and a 200 day moving average of $47.26. Goosehead Insurance, Inc has a 12 month low of $29.23 and a 12 month high of $146.25.

Goosehead Insurance (NASDAQ:GSHDGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The company had revenue of $57.69 million during the quarter, compared to the consensus estimate of $54.02 million. Goosehead Insurance had a negative return on equity of 0.56% and a net margin of 0.18%. As a group, equities research analysts predict that Goosehead Insurance, Inc will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. William Blair downgraded Goosehead Insurance from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 28th. Truist Financial lowered their price objective on Goosehead Insurance from $55.00 to $40.00 in a research note on Thursday, October 27th. JMP Securities lowered their price objective on Goosehead Insurance from $120.00 to $100.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 18th. Finally, Royal Bank of Canada lowered their price objective on Goosehead Insurance from $100.00 to $75.00 in a research note on Thursday, October 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Goosehead Insurance Company Profile

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Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner's, insurance, automotive, dwelling property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.

See Also

Institutional Ownership by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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