Russell Investments Group Ltd. Acquires 5,693 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Russell Investments Group Ltd. grew its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 5.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 108,551 shares of the company’s stock after purchasing an additional 5,693 shares during the quarter. Russell Investments Group Ltd.’s holdings in Goosehead Insurance were worth $8,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GSHD. DekaBank Deutsche Girozentrale bought a new position in shares of Goosehead Insurance in the 4th quarter valued at about $35,000. Harvest Fund Management Co. Ltd bought a new position in Goosehead Insurance during the third quarter worth about $37,000. Signaturefd LLC increased its position in Goosehead Insurance by 28.9% during the third quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock worth $83,000 after buying an additional 250 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Goosehead Insurance by 18.9% in 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 acquired a new stake in shares of Goosehead Insurance in the third quarter valued at approximately $204,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Keefe, Bruyette & Woods dropped their price objective 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, April 25th. BMO Capital Markets reduced their target price on shares of Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Royal Bank of Canada lowered their price target on shares of Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, TD Cowen assumed coverage on Goosehead Insurance in a report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.89.

Goosehead Insurance Stock Up 1.2 %

Shares of GSHD opened at $61.01 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.31. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $92.76. The firm’s 50 day moving average is $65.87 and its 200-day moving average is $71.80. The stock has a market capitalization of $2.32 billion, a PE ratio of 98.40, a P/E/G ratio of 3.13 and a beta of 1.31.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $64.46 million for the quarter, compared to analyst estimates of $66.24 million. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. Equities research analysts forecast that Goosehead Insurance, Inc will post 0.7 EPS for the current year.

Insider Activity at Goosehead Insurance

In other news, COO Mark Miller bought 10,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $58.06 per share, with a total value of $580,600.00. Following the acquisition, the chief operating officer now directly owns 30,000 shares in the company, valued at $1,741,800. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other Goosehead Insurance news, COO Mark Miller bought 10,000 shares of Goosehead Insurance stock in a transaction on Monday, April 29th. The shares were purchased at an average price of $58.06 per share, with a total value of $580,600.00. Following the acquisition, the chief operating officer now owns 30,000 shares in the company, valued at approximately $1,741,800. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Desiree Coleman sold 17,070 shares of Goosehead Insurance stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $80.15, for a total value of $1,368,160.50. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 17,582 shares of company stock valued at $1,141,849 and sold 57,341 shares valued at $4,388,214. 38.03% of the stock is owned by insiders.

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.