Deutsche Bank AG Purchases 6,813 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Deutsche Bank AG increased its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 48.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,987 shares of the company’s stock after buying an additional 6,813 shares during the period. Deutsche Bank AG owned about 0.06% of Goosehead Insurance worth $2,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GSHD. American Century Companies Inc. grew its holdings in Goosehead Insurance by 51.4% during the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock worth $69,597,000 after acquiring an additional 220,267 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Goosehead Insurance by 89.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company’s stock worth $21,870,000 after purchasing an additional 96,309 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Goosehead Insurance by 312.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company’s stock valued at $11,754,000 after purchasing an additional 83,028 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of Goosehead Insurance during the fourth quarter valued at approximately $8,737,000. Finally, Ameriprise Financial Inc. increased its holdings in Goosehead Insurance by 110.0% during the fourth quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company’s stock valued at $16,054,000 after buying an additional 78,434 shares during the period.

Goosehead Insurance Stock Down 0.4%

Shares of GSHD stock opened at $107.24 on Friday. The stock’s fifty day moving average price is $108.49 and its 200 day moving average price is $111.64. Goosehead Insurance, Inc has a 1-year low of $54.80 and a 1-year high of $130.39. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 148.95, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping 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 business had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. During the same quarter last year, the company earned $0.28 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. On average, research analysts expect that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial restated a “hold” rating and set a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Piper Sandler reduced their price target 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. UBS Group dropped their price objective on Goosehead Insurance from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Bank of America lifted their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. Finally, JMP Securities reissued a “market outperform” rating and set a $150.00 price target on shares of Goosehead Insurance in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Goosehead Insurance has an average rating of “Hold” and an average target price of $115.40.

Insider Buying and Selling

In related news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $16,290,838.41. This represents a 12.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Lindy Langston sold 1,105 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $110.05, for a total value of $121,605.25. The disclosure for this sale can be found here. Insiders sold 413,883 shares of company stock worth $48,268,964 in the last three months. Corporate 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.