Raymond James & Associates Purchases 695 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Raymond James & Associates increased its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,672 shares of the company’s stock after acquiring an additional 695 shares during the quarter. Raymond James & Associates’ holdings in Goosehead Insurance were worth $354,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Goosehead Insurance by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company’s stock worth $173,847,000 after purchasing an additional 351,630 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in Goosehead Insurance in the 3rd quarter worth $23,614,000. 3G Capital Partners LP grew its position in Goosehead Insurance by 100.6% in the 3rd quarter. 3G Capital Partners LP now owns 210,000 shares of the company’s stock worth $15,651,000 after purchasing an additional 105,303 shares during the last quarter. Barclays PLC grew its position in Goosehead Insurance by 1,673.1% in the 3rd quarter. Barclays PLC now owns 191,401 shares of the company’s stock worth $14,266,000 after purchasing an additional 180,606 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Goosehead Insurance by 7.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 183,048 shares of the company’s stock worth $13,643,000 after purchasing an additional 12,362 shares during the last quarter.

Goosehead Insurance Trading Up 4.4 %

Shares of GSHD 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 company has a market capitalization 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 firm has a 50-day moving average price of $68.89 and a 200 day moving average price of $72.42. The company has a quick ratio of 1.82, a current ratio of 1.73 and a debt-to-equity ratio of 2.31.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday. Truist Financial decreased their target price on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday. Piper Sandler decreased their target price on shares of Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, JMP Securities reiterated a “market outperform” rating and set a $100.00 target price on shares of Goosehead Insurance in a research report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.89.

Insiders Place Their Bets

In related news, General Counsel John Terry O’connor bought 1,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was bought at an average cost 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 acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, General Counsel John Terry O’connor bought 1,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was bought at an average cost 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 acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The disclosure for this sale can be found here. Over the last three months, insiders purchased 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. 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.