Annex Advisory Services LLC Acquires Shares of 10,125 Goosehead Insurance, Inc (NASDAQ:GSHD)

Annex Advisory Services LLC bought a new position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,125 shares of the company's stock, valued at approximately $1,195,000.

A number of other hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its holdings in Goosehead Insurance by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company's stock valued at $1,265,000 after buying an additional 100 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Goosehead Insurance by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock worth $2,371,000 after acquiring an additional 139 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Goosehead Insurance by 1.5% during the 4th quarter. New York State Teachers Retirement System now owns 13,468 shares of the company's stock worth $1,444,000 after purchasing an additional 204 shares during the period. Los Angeles Capital Management LLC grew its holdings in Goosehead Insurance by 2.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company's stock valued at $959,000 after purchasing an additional 210 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in Goosehead Insurance by 10.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,792 shares of the company's stock worth $299,000 after purchasing an additional 254 shares during the period.

Goosehead Insurance Stock Down 3.1%

Shares of GSHD traded down $3.51 during midday trading on Monday, hitting $108.70. 172,123 shares of the company's stock traded hands, compared to its average volume of 272,716. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 150.97, a price-to-earnings-growth ratio of 5.17 and a beta of 1.46. Goosehead Insurance, Inc has a 1 year low of $54.80 and a 1 year high of $130.39. The firm's fifty day moving average is $106.77 and its 200-day moving average is $111.07.

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, sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on GSHD. Bank of America increased their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods increased their target price on Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. UBS Group lowered their target price 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 reaffirmed a "market outperform" rating and issued a $150.00 price target on shares of Goosehead Insurance in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $115.40.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, General Counsel John Terry O'connor sold 2,500 shares of the stock in a transaction dated 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 owns 1,000 shares of the company's stock, valued at $104,420. This trade represents a 71.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total value of $60,060.00. Following the transaction, the insider now owns 132,349 shares of the company's stock, valued at approximately $15,897,761.88. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,178 shares of company stock worth $17,749,165. 48.35% of the stock is owned by corporate insiders.

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.