Bank of America Corp DE Sells 40,520 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Bank of America Corp DE decreased its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 26.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,094 shares of the company’s stock after selling 40,520 shares during the quarter. Bank of America Corp DE owned about 0.30% of Goosehead Insurance worth $12,126,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Alberta Investment Management Corp grew its stake in shares of Goosehead Insurance by 232.8% in the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock valued at $3,923,000 after buying an additional 25,595 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Goosehead Insurance in the 4th quarter valued at approximately $536,000. Principal Financial Group Inc. grew its stake in shares of Goosehead Insurance by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock valued at $12,744,000 after buying an additional 4,333 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Goosehead Insurance in the 4th quarter valued at approximately $8,737,000. Finally, Amundi bought a new stake in Goosehead Insurance during the fourth quarter worth approximately $1,902,000.

Goosehead Insurance Stock Down 0.4%

GSHD opened at $107.24 on Friday. Goosehead Insurance, Inc has a 1-year low of $54.80 and a 1-year high of $130.39. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 148.95, a P/E/G ratio of 5.17 and a beta of 1.45. The business has a 50 day moving average of $108.49 and a 200-day moving average of $111.64.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $75.58 million during the quarter, compared to analysts’ expectations of $78.59 million. During the same period in the prior year, the business earned $0.28 earnings per share. Goosehead Insurance’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. BMO Capital Markets decreased their target price on Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating for the company in a research report on Monday, April 28th. Piper Sandler decreased their target price on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods upped their target price on Goosehead Insurance from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Finally, Truist Financial reaffirmed a “hold” rating and set a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. 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 presently has a consensus rating of “Hold” and an average price target of $115.40.

Insider Activity

In related news, Director Thomas Mcconnon sold 205,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the transaction, the director now directly owns 339,008 shares in the company, valued at approximately $41,138,620.80. This represents a 37.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total value of $60,060.00. Following the completion of the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $15,897,761.88. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 413,883 shares of company stock valued at $48,268,964. 48.35% of the stock is owned by company 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.