Teacher Retirement System of Texas Buys 6,813 Shares of Goosehead Insurance $GSHD

Teacher Retirement System of Texas grew its stake in Goosehead Insurance (NASDAQ:GSHD) by 120.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,464 shares of the company’s stock after purchasing an additional 6,813 shares during the period. Teacher Retirement System of Texas’ holdings in Goosehead Insurance were worth $1,315,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GSHD. Principal Financial Group Inc. lifted its stake in shares of Goosehead Insurance by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 121,654 shares of the company’s stock valued at $14,362,000 after purchasing an additional 2,800 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Goosehead Insurance in the 1st quarter valued at approximately $208,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Goosehead Insurance in the 1st quarter valued at approximately $53,000. Alps Advisors Inc. bought a new stake in shares of Goosehead Insurance in the 1st quarter valued at approximately $366,000. Finally, Larson Financial Group LLC lifted its stake 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 valued at $49,000 after purchasing an additional 388 shares during the last quarter.

Goosehead Insurance Price Performance

Shares of GSHD stock opened at $66.73 on Thursday. Goosehead Insurance has a 1-year low of $64.40 and a 1-year high of $130.39. The stock’s fifty day moving average price is $74.45 and its 200 day moving average price is $90.57. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 59.05, a price-to-earnings-growth ratio of 11.15 and a beta of 1.42.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Thursday, October 23rd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.08). Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.The business had revenue of $90.27 million for the quarter, compared to analysts’ expectations of $94.25 million. During the same quarter last year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GSHD shares. Cantor Fitzgerald reissued an “overweight” rating on shares of Goosehead Insurance in a research note on Thursday, October 23rd. Truist Financial decreased their target price on Goosehead Insurance from $85.00 to $72.00 and set a “hold” rating for the company in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Goosehead Insurance in a report on Friday, October 31st. Zacks Research downgraded Goosehead Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. Finally, UBS Group cut their price target on Goosehead Insurance from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Monday, October 27th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $99.00.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total transaction of $258,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $87.01, for a total value of $52,206.00. Following the sale, the insider owned 132,349 shares in the company, valued at approximately $11,515,686.49. The trade was a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 194,026 shares of company stock worth $16,947,008. 48.35% of the stock is currently owned by insiders.

About Goosehead Insurance

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.