Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. lessened its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 64.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,542 shares of the company's stock after selling 10,091 shares during the quarter. Baird Financial Group Inc.'s holdings in Goosehead Insurance were worth $594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GSHD. R Squared Ltd acquired a new stake in Goosehead Insurance in the fourth quarter worth $39,000. Kestra Investment Management LLC acquired a new stake in Goosehead Insurance in the 4th quarter valued at $63,000. Smartleaf Asset Management LLC raised its holdings in Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after buying an additional 509 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Goosehead Insurance by 51.8% in the 4th quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock valued at $97,000 after acquiring an additional 309 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Goosehead Insurance during the fourth quarter worth $148,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 price target on shares of Goosehead Insurance in a report 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 on the stock in a research note on Monday, April 28th. UBS Group reduced 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. Finally, Bank of America increased their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance Trading Down 0.8%

Shares of NASDAQ GSHD traded down $0.96 during mid-day trading on Monday, reaching $112.87. 285,586 shares of the company's stock were exchanged, compared to its average volume of 274,410. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The company's 50-day moving average is $108.92 and its 200-day moving average is $111.65. Goosehead Insurance, Inc has a 52-week low of $54.80 and a 52-week high of $130.39. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 156.77, a PEG ratio of 5.17 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $78.59 million. During the same quarter last year, the company earned $0.28 EPS. Goosehead Insurance's revenue for the quarter was up 17.2% compared to the same quarter last year. Analysts expect that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 21,385 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $104.76, for a total transaction of $2,240,292.60. Following the sale, the insider now owns 132,349 shares of the company's stock, valued at approximately $13,864,881.24. This trade represents a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel John Terry O'connor sold 2,500 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total transaction of $261,050.00. Following the completion of the transaction, the general counsel now directly owns 1,000 shares in the company, valued at $104,420. This trade represents a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 412,778 shares of company stock worth $48,147,358 in the last 90 days. Corporate insiders own 48.35% of the company's stock.

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.