Mutual of America Capital Management LLC Sells 815 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Mutual of America Capital Management LLC lessened its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 58,629 shares of the company’s stock after selling 815 shares during the period. Mutual of America Capital Management LLC’s holdings in Goosehead Insurance were worth $4,444,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Toth Financial Advisory Corp grew its holdings in Goosehead Insurance by 7.7% during the fourth quarter. Toth Financial Advisory Corp now owns 14,933 shares of the company’s stock valued at $1,132,000 after purchasing an additional 1,068 shares during the period. International Assets Investment Management LLC bought a new stake in Goosehead Insurance during the fourth quarter valued at about $689,000. Wakefield Asset Management LLLP lifted its position in shares of Goosehead Insurance by 11.0% in the fourth quarter. Wakefield Asset Management LLLP now owns 13,730 shares of the company’s stock valued at $1,041,000 after acquiring an additional 1,362 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Goosehead Insurance in the fourth quarter valued at about $35,000. Finally, Trust Point Inc. purchased a new position in shares of Goosehead Insurance in the fourth quarter valued at about $363,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Piper Sandler boosted their price objective on Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Truist Financial lowered their price objective on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. JMP Securities restated a “market outperform” rating and issued a $100.00 price objective on shares of Goosehead Insurance in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, TD Cowen assumed coverage on Goosehead Insurance in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Goosehead Insurance currently has an average rating of “Moderate Buy” and a consensus price target of $84.88.

Insider Buying and Selling at Goosehead Insurance

In related news, General Counsel John Terry O’connor acquired 1,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were acquired at an average cost of $73.46 per share, for a total transaction of $73,460.00. Following the completion of the transaction, the general counsel now directly owns 1,000 shares in the company, valued at approximately $73,460. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Goosehead Insurance news, General Counsel John Terry O’connor bought 1,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of $73.46 per share, with a total value of $73,460.00. Following the completion of the purchase, the general counsel now owns 1,000 shares in the company, valued at approximately $73,460. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total value of $2,722,368.04. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at approximately $9,915,587.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. Company insiders own 48.35% of the company’s stock.

Goosehead Insurance Price Performance

NASDAQ:GSHD opened at $56.90 on Tuesday. Goosehead Insurance, Inc has a 12 month low of $51.06 and a 12 month high of $92.76. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02. The business’s 50-day moving average is $73.84 and its 200 day moving average is $73.36. The company has a market capitalization of $2.16 billion, a P/E ratio of 99.82, a P/E/G ratio of 4.06 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. The company had revenue of $63.01 million for the quarter, compared to analysts’ expectations of $68.18 million. On average, equities research analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

About Goosehead Insurance

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.