Bank of America Corp DE Sells 40,520 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Bank of America Corp DE decreased its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 26.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,094 shares of the company's stock after selling 40,520 shares during the period. Bank of America Corp DE owned about 0.30% of Goosehead Insurance worth $12,126,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in Goosehead Insurance by 110.0% during the fourth quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock worth $16,054,000 after acquiring an additional 78,434 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Goosehead Insurance by 20.0% in the fourth quarter. Jane Street Group LLC now owns 50,737 shares of the company's stock worth $5,440,000 after buying an additional 8,442 shares during the period. Freestone Grove Partners LP bought a new position in Goosehead Insurance in the 4th quarter worth $281,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Goosehead Insurance during the fourth quarter valued at approximately $690,000. Finally, Northern Trust Corp raised its holdings in Goosehead Insurance by 10.4% in the fourth quarter. Northern Trust Corp now owns 266,466 shares of the company's stock worth $28,570,000 after buying an additional 25,173 shares during the last quarter.

Goosehead Insurance Stock Up 1.5%

NASDAQ:GSHD traded up $1.56 during mid-day trading on Friday, hitting $108.80. 175,005 shares of the company's stock were exchanged, compared to its average volume of 273,183. 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 business has a fifty day moving average price of $108.37 and a 200 day moving average price of $111.67. Goosehead Insurance, Inc has a one year low of $54.80 and a one year high of $130.39. The company has a market cap of $4.08 billion, a PE ratio of 151.11, a P/E/G 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 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company had revenue of $75.58 million for the quarter, compared to the consensus estimate of $78.59 million. During the same quarter last year, the firm posted $0.28 EPS. The firm's revenue was up 17.2% compared to the same quarter last year. Equities analysts predict that Goosehead Insurance, Inc will post 0.83 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial reiterated a "hold" rating and set a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday, April 24th. UBS Group dropped their target price on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, BMO Capital Markets lowered their target price on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $115.40.

Insider Buying and Selling at Goosehead Insurance

In related news, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction on 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 completion of the sale, the director now owns 339,008 shares in the company, valued at approximately $41,138,620.80. The trade was a 37.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $101.95, for a total value of $3,066,757.95. Following the sale, the insider now owns 132,349 shares in the company, valued at approximately $13,492,980.55. The trade was a 18.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 413,883 shares of company stock worth $48,268,964 over the last three months. Insiders own 48.35% of the company's stock.

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.