Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 48.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,987 shares of the company's stock after purchasing an additional 6,813 shares during the period. Deutsche Bank AG owned 0.06% of Goosehead Insurance worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Alberta Investment Management Corp grew its stake in shares of Goosehead Insurance by 232.8% in the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company's stock valued at $3,923,000 after buying an additional 25,595 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Goosehead Insurance during the fourth quarter valued at approximately $536,000. Principal Financial Group Inc. lifted its position in shares of Goosehead Insurance by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock worth $12,744,000 after purchasing an additional 4,333 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in shares of Goosehead Insurance in the fourth quarter valued at $8,737,000. Finally, Amundi acquired a new stake in Goosehead Insurance during the 4th quarter valued at $1,902,000.

Goosehead Insurance Stock Performance

Goosehead Insurance stock traded down $0.81 during mid-day trading on Wednesday, reaching $109.71. The company's stock had a trading volume of 13,821 shares, compared to its average volume of 271,703. The business has a 50 day moving average price of $108.16 and a 200-day moving average price of $111.64. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a twelve month low of $54.80 and a twelve month high of $130.39. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 152.47, a PEG 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, topping analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm's revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Sell-side analysts predict that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GSHD. Truist Financial reiterated a "hold" rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Piper Sandler cut their price target on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. JMP Securities restated a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a research note on Thursday, April 24th. Bank of America lifted their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods increased their target price on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Goosehead Insurance has a consensus rating of "Hold" and an average price target of $115.40.

Insider Transactions at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the sale, the insider now owns 132,349 shares of the company's stock, valued at $16,290,838.41. The trade was a 12.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark E. Jr. Jones purchased 1,010 shares of the firm's stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $118.02 per share, with a total value of $119,200.20. Following the completion of the purchase, the chief financial officer now owns 2,342 shares in the company, valued at $276,402.84. This represents a 75.83% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 413,883 shares of company stock worth $48,268,964. Company insiders own 48.35% of the company's stock.

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.