Goosehead Insurance, Inc (NASDAQ:GSHD) Holdings Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 20.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,141 shares of the company’s stock after purchasing an additional 714 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Goosehead Insurance were worth $370,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. grew its position in Goosehead Insurance by 49.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after purchasing an additional 210 shares during the last quarter. GAMMA Investing LLC increased its position in Goosehead Insurance by 195.8% in the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after acquiring an additional 231 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in Goosehead Insurance during the 3rd quarter valued at $29,000. Blue Trust Inc. boosted its position in Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after acquiring an additional 403 shares during the period. Finally, FMR LLC grew its stake in shares of Goosehead Insurance by 54.8% in the third quarter. FMR LLC now owns 1,446 shares of the company’s stock worth $129,000 after purchasing an additional 512 shares in the last quarter.

Goosehead Insurance Trading Down 0.6 %

NASDAQ:GSHD opened at $124.09 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The company’s 50 day moving average is $108.71 and its 200-day moving average is $85.73. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 172.35, a P/E/G ratio of 4.84 and a beta of 1.38. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same quarter in the prior year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts anticipate that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen upped their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. JMP Securities lifted their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. Truist Financial increased their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, Piper Sandler lifted their price target on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $97.90.

Insiders Place Their Bets

In other news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $100.21, for a total value of $4,402,024.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Ryan Langston sold 3,019 shares of Goosehead Insurance stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $90.34, for a total transaction of $272,736.46. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $451,700. This trade represents a 37.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 122,255 shares of company stock worth $12,686,800 in the last ninety days. 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.