Blair William & Co. IL Reduces Stock Position in Goosehead Insurance (NASDAQ:GSHD)

Key Points

• Blair William & Co. IL reduced its stake in Goosehead Insurance by 32.1%, now holding 9,913 shares valued at approximately $1.17 million after selling 4,683 shares in the first quarter.
• Multiple investors adjusted their positions in Goosehead Insurance, including Principal Financial Group which increased its stake by 2.4%, and GAMMA Investing LLC which significantly boosted its stake by 11,900.8%.
• Analysts have set varying target prices for Goosehead Insurance, with recommendations ranging from a "buy" rating to a "sell", and an average price target of $109.50.

Blair William & Co. IL lessened its position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 32.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,913 shares of the company's stock after selling 4,683 shares during the quarter. Blair William & Co. IL's holdings in Goosehead Insurance were worth $1,170,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Goosehead Insurance by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 121,654 shares of the company's stock valued at $14,362,000 after purchasing an additional 2,800 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Goosehead Insurance in the first quarter worth about $208,000. Bessemer Group Inc. boosted its stake in shares of Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock worth $34,000 after buying an additional 191 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Goosehead Insurance in the first quarter worth about $349,000. Finally, GAMMA Investing LLC boosted its stake in shares of Goosehead Insurance by 11,900.8% in the first quarter. GAMMA Investing LLC now owns 72,725 shares of the company's stock worth $8,586,000 after buying an additional 72,119 shares during the last quarter.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 50,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $103.74, for a total transaction of $5,187,000.00. Following the completion of the transaction, the insider owned 132,349 shares of the company's stock, valued at $13,729,885.26. This represents a 27.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 value of $261,050.00. Following the transaction, the general counsel directly owned 1,000 shares of the company's stock, valued at $104,420. The trade was a 71.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,629 shares of company stock worth $13,962,776 over the last three months. 48.35% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on GSHD shares. BMO Capital Markets lowered their target price on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, July 25th. JMP Securities restated a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday, April 24th. Piper Sandler restated a "neutral" rating and issued a $109.00 target price (down previously from $122.00) on shares of Goosehead Insurance in a research note on Thursday, July 24th. UBS Group lowered their target price on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. lowered their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $109.50.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $86.05 on Friday. The company has a market capitalization of $3.23 billion, a P/E ratio of 76.15, a P/E/G ratio of 7.55 and a beta of 1.31. The business's 50 day moving average is $99.38 and its two-hundred day moving average is $106.52. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10. Goosehead Insurance has a 12-month low of $79.33 and a 12-month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly 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 negative return on equity of 59.49% and a net margin of 8.76%. The business had revenue of $94.03 million for the quarter, compared to analysts' expectations of $94.18 million. During the same quarter in the prior year, the company posted $0.43 EPS. The business's revenue for the quarter was up 20.4% compared to the same quarter last year. Analysts expect that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

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.

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