Goosehead Insurance $GSHD Stock Position Reduced by Vanguard Group Inc.

Vanguard Group Inc. lessened its position in shares of Goosehead Insurance (NASDAQ:GSHD) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,459,418 shares of the company’s stock after selling 40,061 shares during the period. Vanguard Group Inc. owned about 6.55% of Goosehead Insurance worth $290,359,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in shares of Goosehead Insurance by 192.9% in the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares during the last quarter. TCTC Holdings LLC lifted its holdings in shares of Goosehead Insurance by 117.1% in the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock worth $39,000 after purchasing an additional 178 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Goosehead Insurance by 1,251.6% in the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock worth $49,000 after purchasing an additional 388 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Goosehead Insurance in the 1st quarter worth approximately $53,000. Finally, KBC Group NV lifted its holdings in shares of Goosehead Insurance by 20.7% in the 1st quarter. KBC Group NV now owns 1,101 shares of the company’s stock worth $130,000 after purchasing an additional 189 shares during the last quarter.

Goosehead Insurance Stock Down 0.5%

Shares of Goosehead Insurance stock opened at $86.06 on Monday. Goosehead Insurance has a 1-year low of $79.33 and a 1-year high of $130.39. The company has a market capitalization of $3.23 billion, a P/E ratio of 76.16, a PEG ratio of 7.37 and a beta of 1.31. The business’s fifty day moving average price is $96.97 and its two-hundred day moving average price is $105.90. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The firm had revenue of $94.03 million for the quarter, compared to analyst estimates of $94.18 million. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, research analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

GSHD has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price target on Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. BMO Capital Markets cut their price target on Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating on the stock in a report on Friday, July 25th. UBS Group cut their price target on Goosehead Insurance from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Monday, July 28th. JMP Securities reissued a “market outperform” rating and issued a $150.00 price target on shares of Goosehead Insurance in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Hold” and a consensus price target of $110.91.

Insider Activity

In other news, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of Goosehead Insurance stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $88.23, for a total transaction of $5,293,800.00. Following the transaction, the insider directly owned 132,349 shares in the company, valued at approximately $11,677,152.27. This trade represents a 31.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark E. Jr. Jones purchased 1,149 shares of the stock in a transaction dated Tuesday, July 29th. The shares were purchased at an average price of $86.08 per share, for a total transaction of $98,905.92. Following the completion of the transaction, the chief financial officer owned 3,491 shares in the company, valued at $300,505.28. This trade represents a 49.06% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 234,779 shares of company stock worth $21,036,484. 37.76% 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.