Charles Schwab Investment Management Inc. Lowers Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 210,221 shares of the company’s stock after selling 2,150 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.57% of Goosehead Insurance worth $18,773,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. grew its holdings in shares of Goosehead Insurance by 49.4% during the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after buying an additional 210 shares during the last quarter. GAMMA Investing LLC lifted its position in Goosehead Insurance by 195.8% during the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after acquiring an additional 231 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Goosehead Insurance in the 3rd quarter valued at approximately $29,000. Blue Trust Inc. increased its holdings in shares of Goosehead Insurance by 567.6% in the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after purchasing an additional 403 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Goosehead Insurance by 5.0% during the second quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the company’s stock worth $729,000 after purchasing an additional 600 shares during the last quarter.

Goosehead Insurance Price Performance

GSHD stock opened at $124.09 on Friday. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $130.39. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 172.35, a PEG ratio of 4.84 and a beta of 1.38. The firm has a 50 day moving average of $108.71 and a 200-day moving average of $85.43. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $78.04 million for the quarter, compared to the consensus estimate of $80.54 million. During the same period in the previous year, the business earned $0.28 earnings per share. Goosehead Insurance’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts expect that Goosehead Insurance, Inc will post 0.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Truist Financial lifted their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. JMP Securities increased their price target on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. TD Cowen lifted their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. boosted their target price on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $97.90.

Insider Activity at Goosehead Insurance

In related news, major shareholder Patrick Ryan Langston sold 2,167 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $90.09, for a total value of $195,225.03. Following the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $450,450. This represents a 30.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Miller sold 58,327 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the transaction, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at $3,306,600. The trade was a 66.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,255 shares of company stock valued at $12,686,800. Insiders own 48.35% of the company’s stock.

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.