Ewing Morris & Co. Investment Partners Ltd. Sells 19,302 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Ewing Morris & Co. Investment Partners Ltd. reduced its stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,396 shares of the company's stock after selling 19,302 shares during the period. Goosehead Insurance makes up approximately 2.5% of Ewing Morris & Co. Investment Partners Ltd.'s holdings, making the stock its 15th largest holding. Ewing Morris & Co. Investment Partners Ltd. owned approximately 0.16% of Goosehead Insurance worth $6,476,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Goosehead Insurance by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company's stock valued at $267,994,000 after purchasing an additional 19,980 shares during the period. American Century Companies Inc. grew its stake in shares of Goosehead Insurance by 51.4% in 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 during the period. Northern Trust Corp grew its stake in shares of Goosehead Insurance by 10.4% in the 4th quarter. Northern Trust Corp now owns 266,466 shares of the company's stock valued at $28,570,000 after purchasing an additional 25,173 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Goosehead Insurance by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company's stock valued at $23,125,000 after purchasing an additional 5,459 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Goosehead Insurance by 89.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock valued at $21,870,000 after purchasing an additional 96,309 shares during the period.

Insider Activity

In other news, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $101.95, for a total transaction of $3,066,757.95. Following the sale, the insider now owns 132,349 shares of the company's stock, valued at $13,492,980.55. This trade represents a 18.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The shares were 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 in the company, valued at $41,138,620.80. This trade represents a 37.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 338,893 shares of company stock valued at $40,459,016 in the last 90 days. 48.35% of the stock is owned by company insiders.

Goosehead Insurance Trading Up 0.7%

NASDAQ:GSHD traded up $0.71 during trading hours on Friday, hitting $102.92. 212,852 shares of the stock were exchanged, compared to its average volume of 272,192. The company's 50 day moving average is $109.96 and its two-hundred day moving average is $111.69. Goosehead Insurance, Inc has a twelve month low of $54.80 and a twelve month high of $130.39. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a market capitalization of $3.86 billion, a P/E ratio of 142.95, a price-to-earnings-growth 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 for the quarter, beating analysts' consensus estimates 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 return on equity of 284.41% and a net margin of 6.77%. The firm's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 EPS. On average, sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GSHD has been the topic of several analyst reports. BMO Capital Markets lowered their price objective 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. JPMorgan Chase & Co. reduced their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Truist Financial reissued a "hold" rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. UBS Group reduced their target price on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Bank of America boosted their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Goosehead Insurance currently has a consensus rating of "Hold" and an average target price of $115.40.

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.