Alberta Investment Management Corp Buys 4,242 Shares of Goosehead Insurance (NASDAQ:GSHD)

Key Points

• Alberta Investment Management Corp increased its stake in Goosehead Insurance by 11.6%, holding approximately 40,830 shares worth $4.82 million at the end of the first quarter.
• Major shareholder Robyn Jones Descendants Mark sold 50,000 shares for approximately $5.19 million, decreasing their ownership by 27.42%.
• Goosehead Insurance reported a net margin of 8.76% for the quarter and had a revenue increase of 20.4% year-over-year.

Alberta Investment Management Corp raised its holdings in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,830 shares of the company's stock after purchasing an additional 4,242 shares during the quarter. Alberta Investment Management Corp owned 0.11% of Goosehead Insurance worth $4,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of GSHD. Bessemer Group Inc. boosted its position in Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock worth $34,000 after purchasing an additional 191 shares during the period. TCTC Holdings LLC lifted its holdings in Goosehead Insurance by 117.1% in the first quarter. TCTC Holdings LLC now owns 330 shares of the company's stock worth $39,000 after acquiring an additional 178 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Goosehead Insurance by 1,251.6% in the first quarter. Larson Financial Group LLC now owns 419 shares of the company's stock worth $49,000 after acquiring an additional 388 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Goosehead Insurance in the first quarter valued at approximately $53,000. Finally, KBC Group NV increased its stake in shares of Goosehead Insurance by 20.7% in the first quarter. KBC Group NV now owns 1,101 shares of the company's stock valued at $130,000 after purchasing an additional 189 shares during the period.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 31,516 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $93.24, for a total transaction of $2,938,551.84. Following the transaction, the insider directly owned 132,349 shares in the company, valued at $12,340,220.76. This trade represents a 19.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel John Terry O'connor sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the general counsel owned 1,000 shares in the company, valued at $104,420. The trade was a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 150,482 shares of company stock valued at $15,346,373 in the last three months. 37.76% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on GSHD. BMO Capital Markets decreased their price objective on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, July 25th. JMP Securities restated a "market outperform" rating and set a $150.00 price target on shares of Goosehead Insurance in a report on Thursday, April 24th. UBS Group dropped their target price on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, July 28th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $109.50.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock remained flat at $88.65 during midday trading on Tuesday. 437,266 shares of the company traded hands, compared to its average volume of 410,708. The business has a 50 day simple moving average of $100.69 and a two-hundred day simple moving average of $106.93. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92. Goosehead Insurance has a 12 month low of $79.33 and a 12 month high of $130.39. The stock has a market capitalization of $3.33 billion, a PE ratio of 78.45, a price-to-earnings-growth ratio of 7.78 and a beta of 1.31.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The company had revenue of $94.03 million for the quarter, compared to analyst estimates of $94.18 million. During the same quarter in the previous year, the firm earned $0.43 EPS. The firm's revenue was up 20.4% on a year-over-year basis. Equities research analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current year.

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.