Ewing Morris & Co. Investment Partners Ltd. trimmed its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 24.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,396 shares of the company's stock after selling 19,302 shares during the period. Goosehead Insurance makes up 2.5% of Ewing Morris & Co. Investment Partners Ltd.'s investment portfolio, making the stock its 15th largest holding. Ewing Morris & Co. Investment Partners Ltd. owned 0.16% of Goosehead Insurance worth $6,476,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GSHD. American Century Companies Inc. increased its holdings in Goosehead Insurance by 51.4% during the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock valued at $69,597,000 after buying an additional 220,267 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Goosehead Insurance by 89.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock valued at $21,870,000 after buying an additional 96,309 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Goosehead Insurance by 312.2% during the fourth 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 purchased a new stake in Goosehead Insurance during the fourth quarter valued at approximately $8,737,000. Finally, Ameriprise Financial Inc. increased its holdings in Goosehead Insurance by 110.0% during the fourth quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock valued at $16,054,000 after buying an additional 78,434 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on GSHD. Keefe, Bruyette & Woods upped their price target on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Piper Sandler dropped their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. JMP Securities reiterated a "market outperform" rating and issued a $150.00 price target on shares of Goosehead Insurance in a research report on Thursday, April 24th. Truist Financial reiterated a "hold" rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $115.40.
Get Our Latest Report on GSHD
Goosehead Insurance Stock Up 1.5%
Shares of Goosehead Insurance stock traded up $1.58 on Wednesday, reaching $107.18. The stock had a trading volume of 185,167 shares, compared to its average volume of 273,402. The company has a 50 day moving average price of $109.36 and a 200 day moving average price of $111.63. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a 1 year low of $54.80 and a 1 year high of $130.39. The stock has a market capitalization of $4.02 billion, a P/E ratio of 148.86, a P/E/G ratio of 5.17 and a beta of 1.45.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $75.58 million for the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. Goosehead Insurance's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. As a group, equities research analysts forecast that Goosehead Insurance, Inc will post 0.83 EPS for the current year.
Insider Activity
In other Goosehead Insurance news, CFO Mark E. Jr. Jones bought 1,010 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the transaction, the chief financial officer now directly owns 2,342 shares of the company's stock, valued at approximately $276,402.84. This represents a 75.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the sale, the director now owns 339,008 shares of the company's stock, valued at $41,138,620.80. This trade represents a 37.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 388,893 shares of company stock valued at $45,646,016 in the last ninety days. Insiders own 37.76% of the company's stock.
Goosehead Insurance Company Profile
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Free Report)
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.
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