US Bancorp DE Increases Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

US Bancorp DE raised its stake in Goosehead Insurance, Inc (NASDAQ:GSHDGet Rating) by 16.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,962 shares of the company’s stock after acquiring an additional 3,716 shares during the period. US Bancorp DE owned approximately 0.07% of Goosehead Insurance worth $961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Group One Trading L.P. purchased a new stake in Goosehead Insurance during the 1st quarter valued at about $59,000. Quantbot Technologies LP bought a new position in shares of Goosehead Insurance in the second quarter worth approximately $65,000. Castle Wealth Management LLC purchased a new stake in shares of Goosehead Insurance during the second quarter valued at approximately $68,000. Captrust Financial Advisors boosted its position in shares of Goosehead Insurance by 265.0% during the first quarter. Captrust Financial Advisors now owns 2,252 shares of the company’s stock valued at $177,000 after buying an additional 1,635 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Goosehead Insurance by 31.5% in the 2nd quarter. SG Americas Securities LLC now owns 2,439 shares of the company’s stock worth $111,000 after buying an additional 584 shares in the last quarter. 99.96% of the stock is currently owned by institutional investors.

Goosehead Insurance Stock Up 1.5 %

NASDAQ GSHD opened at $38.32 on Thursday. Goosehead Insurance, Inc has a twelve month low of $29.23 and a twelve month high of $102.06. The business has a 50-day moving average price of $38.23 and a 200-day moving average price of $43.85. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 3,835.84, a price-to-earnings-growth ratio of 6.18 and a beta of 1.22.

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

Insider Transactions at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 24,103 shares of the stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $40.41, for a total value of $974,002.23. Following the completion of the transaction, the insider now owns 132,349 shares of the company’s stock, valued at approximately $5,348,223.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Goosehead Insurance news, CFO Mark E. Jr. Jones sold 69,501 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $40.60, for a total transaction of $2,821,740.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 24,103 shares of the stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $40.41, for a total transaction of $974,002.23. Following the completion of the sale, the insider now directly owns 132,349 shares in the company, valued at approximately $5,348,223.09. The disclosure for this sale can be found here. Insiders have sold a total of 193,540 shares of company stock worth $7,841,621 in the last three months. Insiders own 48.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on GSHD shares. Royal Bank of Canada dropped their price target on shares of Goosehead Insurance from $100.00 to $75.00 in a report on Thursday, October 27th. Truist Financial cut their target price on shares of Goosehead Insurance from $55.00 to $40.00 in a research report on Thursday, October 27th. Finally, JMP Securities lowered their price target on Goosehead Insurance from $120.00 to $100.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 18th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Goosehead Insurance presently has an average rating of “Moderate Buy” and an average target price of $68.00.

Goosehead Insurance 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.

Further Reading

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

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