Annex Advisory Services LLC Invests $1.20 Million in Goosehead Insurance, Inc (NASDAQ:GSHD)

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

Several other institutional investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its position in shares of Goosehead Insurance by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company's stock worth $1,265,000 after purchasing an additional 100 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Goosehead Insurance by 0.6% during the 4th quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock worth $2,371,000 after purchasing an additional 139 shares during the last quarter. New York State Teachers Retirement System increased its position 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 last quarter. Los Angeles Capital Management LLC increased its position in shares of Goosehead Insurance by 2.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company's stock worth $959,000 after purchasing an additional 210 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its position in shares of Goosehead Insurance by 10.0% during 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 last quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price target on 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 decreased their target price on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. 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. BMO Capital Markets decreased their target price on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Finally, Truist Financial reissued a "hold" rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $115.40.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $120.82, for a total transaction of $5,281,283.84. Following the sale, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $15,990,406.18. This represents a 24.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel John Terry O'connor sold 2,500 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total value of $261,050.00. Following the sale, the general counsel now directly owns 1,000 shares in the company, valued at approximately $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 have sold a total of 163,178 shares of company stock valued at $17,749,165 in the last ninety days. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Stock Performance

NASDAQ GSHD traded up $0.98 on Friday, reaching $112.21. The stock had a trading volume of 171,026 shares, compared to its average volume of 272,632. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a fifty day moving average of $106.77 and a two-hundred day moving average of $111.21. Goosehead Insurance, Inc has a 1-year low of $54.80 and a 1-year high of $130.39. The company has a market cap of $4.21 billion, a P/E ratio of 155.85, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 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 firm had revenue of $75.58 million for the quarter, compared to analyst estimates of $78.59 million. During the same period in the prior year, the firm posted $0.28 EPS. The company's revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities research analysts anticipate that Goosehead Insurance, Inc will post 0.83 EPS for the current year.

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.