First Trust Advisors LP Takes Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

First Trust Advisors LP acquired a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,093 shares of the company's stock, valued at approximately $5,264,000. First Trust Advisors LP owned approximately 0.13% of Goosehead Insurance as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. 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 valued at $69,597,000 after purchasing an additional 220,267 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Goosehead Insurance by 312.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company's stock valued at $11,754,000 after buying an additional 83,028 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Goosehead Insurance during the fourth quarter valued at about $8,737,000. Marshall Wace LLP increased its position in shares of Goosehead Insurance by 981.8% during the fourth quarter. Marshall Wace LLP now owns 53,959 shares of the company's stock worth $5,785,000 after acquiring an additional 48,971 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Goosehead Insurance by 885.5% in the fourth quarter. SG Americas Securities LLC now owns 51,662 shares of the company's stock worth $5,539,000 after acquiring an additional 46,420 shares in the last quarter.

Insider Buying and Selling at Goosehead Insurance

In related news, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction dated 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 transaction, the director now owns 339,008 shares of the company's stock, valued at approximately $41,138,620.80. This trade represents a 37.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 308,812 shares of company stock valued at $37,392,258. 48.35% of the stock is owned by insiders.

Goosehead Insurance Price Performance

NASDAQ:GSHD traded down $0.71 during midday trading on Tuesday, hitting $99.89. 27,213 shares of the stock were exchanged, compared to its average volume of 273,255. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 139.27, a P/E/G ratio of 5.17 and a beta of 1.45. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a one year low of $54.80 and a one year high of $130.39. The business has a 50-day moving average price of $111.54 and a two-hundred day moving average price of $111.60.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $78.59 million. During the same quarter in the previous year, the business earned $0.28 EPS. The company's quarterly revenue was up 17.2% compared to the same quarter last year. Sell-side analysts predict that Goosehead Insurance, Inc will post 0.83 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GSHD shares. JPMorgan Chase & Co. lowered their price objective on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. BMO Capital Markets reduced their target price on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. UBS Group dropped their price target on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, April 28th. JMP Securities reiterated a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a research note on Thursday, April 24th. Finally, Piper Sandler decreased their price objective on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. One research 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $115.40.

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.