Teacher Retirement System of Texas Buys Shares of 5,651 Goosehead Insurance (NASDAQ:GSHD)

Teacher Retirement System of Texas purchased a new position in Goosehead Insurance (NASDAQ:GSHD) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,651 shares of the company’s stock, valued at approximately $667,000.

Several other institutional investors and hedge funds also recently modified their holdings of GSHD. Vanguard Group Inc. grew its position in Goosehead Insurance by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company’s stock valued at $267,994,000 after buying an additional 19,980 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Goosehead Insurance by 51.4% in the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock valued at $69,597,000 after acquiring an additional 220,267 shares in the last quarter. Whitebark Investors LP acquired a new position in shares of Goosehead Insurance during the fourth quarter valued at approximately $55,326,000. Northern Trust Corp raised its holdings in Goosehead Insurance by 10.4% during the fourth quarter. Northern Trust Corp now owns 266,466 shares of the company’s stock worth $28,570,000 after purchasing an additional 25,173 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Goosehead Insurance by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company’s stock worth $23,125,000 after purchasing an additional 5,459 shares during the period.

Insider Activity at Goosehead Insurance

In related news, major shareholder Lindy Langston sold 2,853 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total value of $314,286.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel John Terry O’connor sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total value of $261,050.00. Following the completion of the sale, the general counsel directly owned 1,000 shares of the company’s stock, valued at $104,420. This represents a 71.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,966 shares of company stock valued at $12,407,821. Insiders own 37.76% of the company’s stock.

Goosehead Insurance Trading Down 0.5%

NASDAQ GSHD opened at $96.09 on Wednesday. The firm’s 50 day moving average price is $104.82 and its two-hundred day moving average price is $108.22. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 80.75, a PEG ratio of 6.84 and a beta of 1.42. Goosehead Insurance has a twelve month low of $60.96 and a twelve month high of $130.39. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.79 and a current ratio of 2.79.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a negative return on equity of 99.91% and a net margin of 9.51%. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Equities analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on GSHD shares. 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 note on Monday, April 28th. JPMorgan Chase & Co. cut their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. BMO Capital Markets lowered their price objective on shares of Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th. JMP Securities reiterated a “market outperform” rating and issued a $150.00 target price on shares of Goosehead Insurance in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $115.40.

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.