HighTower Advisors LLC Acquires 276 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

HighTower Advisors LLC lifted its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 5.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,040 shares of the company’s stock after acquiring an additional 276 shares during the period. HighTower Advisors LLC’s holdings in Goosehead Insurance were worth $448,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Goosehead Insurance by 34.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock worth $196,956,000 after purchasing an additional 879,959 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of Goosehead Insurance by 5.6% in the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock worth $233,872,000 after purchasing an additional 138,571 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Goosehead Insurance by 35.7% during the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after buying an additional 110,832 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Goosehead Insurance by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock worth $22,580,000 after acquiring an additional 51,023 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Goosehead Insurance by 32.4% in the second quarter. Sei Investments Co. now owns 164,074 shares of the company’s stock valued at $9,424,000 after purchasing an additional 40,107 shares during the last quarter.

Insider Activity

In other news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total value of $4,402,024.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Ryan Langston sold 4,814 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $90.26, for a total transaction of $434,511.64. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $451,300. This represents a 49.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,255 shares of company stock worth $12,686,800. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Price Performance

GSHD opened at $106.19 on Friday. The stock has a market capitalization of $3.94 billion, a P/E ratio of 147.49, a P/E/G ratio of 4.51 and a beta of 1.38. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The company’s 50-day simple moving average is $113.54 and its two-hundred day simple moving average is $88.89.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on GSHD. JMP Securities raised their price target 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. Royal Bank of Canada raised their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a 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 stock a “hold” rating in a report on Wednesday, November 20th. Piper Sandler lifted their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, Truist Financial upped their target price on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $97.90.

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.