Jennison Associates LLC Has $544,000 Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Jennison Associates LLC raised its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,175 shares of the company’s stock after buying an additional 383 shares during the quarter. Jennison Associates LLC’s holdings in Goosehead Insurance were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GSHD. State of Alaska Department of Revenue lifted its holdings in shares of Goosehead Insurance by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock valued at $1,140,000 after purchasing an additional 161 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Goosehead Insurance by 18.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,229 shares of the company’s stock valued at $92,000 after purchasing an additional 195 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Goosehead Insurance by 3.6% during the 3rd quarter. Arizona State Retirement System now owns 6,122 shares of the company’s stock valued at $456,000 after purchasing an additional 214 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Goosehead Insurance by 4.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 5,529 shares of the company’s stock valued at $419,000 after purchasing an additional 242 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Goosehead Insurance by 28.9% during the 3rd quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock valued at $83,000 after purchasing an additional 250 shares in the last quarter.

Goosehead Insurance Trading Up 4.4 %

Shares of Goosehead Insurance stock opened at $55.50 on Monday. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $92.76. The stock has a market cap of $2.11 billion, a P/E ratio of 89.52, a P/E/G ratio of 3.99 and a beta of 1.28. The company has a quick ratio of 1.82, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. The business’s 50 day moving average is $68.89 and its 200-day moving average is $72.42.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The company had revenue of $64.46 million for the quarter, compared to analysts’ expectations of $66.24 million. Equities research analysts predict that Goosehead Insurance, Inc will post 0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

GSHD has been the topic of several recent analyst reports. BMO Capital Markets cut their price objective on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. TD Cowen assumed coverage on Goosehead Insurance in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 target price on the stock. Royal Bank of Canada cut their target price on Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday. JMP Securities restated a “market outperform” rating and issued a $100.00 target price on shares of Goosehead Insurance in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods cut their target price on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Goosehead Insurance presently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Insider Transactions at Goosehead Insurance

In related news, General Counsel John Terry O’connor acquired 1,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were bought at an average price of $73.46 per share, for a total transaction of $73,460.00. Following the purchase, the general counsel now directly owns 1,000 shares in the company, valued at approximately $73,460. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Goosehead Insurance news, COO Mark Miller bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of $73.86 per share, with a total value of $369,300.00. Following the acquisition, the chief operating officer now owns 20,000 shares of the company’s stock, valued at $1,477,200. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel John Terry O’connor bought 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 completion of the acquisition, the general counsel now directly owns 1,000 shares in the company, valued at approximately $73,460. The disclosure for this purchase can be found here. In the last 90 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 Company 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.