Louisiana State Employees Retirement System Takes $925,000 Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Louisiana State Employees Retirement System acquired a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 12,200 shares of the company’s stock, valued at approximately $925,000.

Several other hedge funds have also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale bought a new stake in Goosehead Insurance during the fourth quarter valued at approximately $35,000. Harvest Fund Management Co. Ltd bought a new stake in Goosehead Insurance during the third quarter valued at approximately $37,000. Signaturefd LLC grew its position in Goosehead Insurance by 28.9% during the third quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock valued at $83,000 after buying an additional 250 shares during the period. PNC Financial Services Group Inc. grew its position in Goosehead Insurance by 18.9% during the third quarter. PNC Financial Services Group Inc. now owns 1,229 shares of the company’s stock valued at $92,000 after buying an additional 195 shares during the period. Finally, Orion Portfolio Solutions LLC bought a new stake in Goosehead Insurance during the third quarter valued at approximately $204,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Truist Financial cut their target price on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and issued a $100.00 price target on shares of Goosehead Insurance in a research report on Monday, April 15th. Keefe, Bruyette & Woods dropped their price target on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Royal Bank of Canada dropped their price target on shares of Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Goosehead Insurance has an average rating of “Moderate Buy” and an average target price of $80.89.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD opened at $53.16 on Friday. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a fifty day moving average price of $70.38 and a 200 day moving average price of $72.67. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $92.76. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 93.26, a P/E/G ratio of 4.31 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. The firm had revenue of $64.46 million during the quarter, compared to analyst estimates of $66.24 million. As a group, sell-side analysts expect that Goosehead Insurance, Inc will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel John Terry O’connor bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $73.46 per share, for a total transaction of $73,460.00. Following the completion of the transaction, the general counsel now owns 1,000 shares in the company, valued at $73,460. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the sale, the insider now owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel John Terry O’connor purchased 1,000 shares of the firm’s stock in a transaction that occurred 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 purchase, the general counsel now owns 1,000 shares of the company’s stock, valued at $73,460. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. 38.03% of the stock is owned by company insiders.

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.