Kayne Anderson Rudnick Investment Management LLC Sells 403,532 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Kayne Anderson Rudnick Investment Management LLC cut its position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,799,352 shares of the company's stock after selling 403,532 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 7.54% of Goosehead Insurance worth $300,147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its stake in shares of Goosehead Insurance by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company's stock valued at $1,265,000 after acquiring an additional 100 shares during the last quarter. Janus Henderson Group PLC grew its position in 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 acquiring an additional 139 shares during the last quarter. New York State Teachers Retirement System grew its position in 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 acquiring an additional 204 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Goosehead Insurance by 2.4% in the fourth 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 in the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Goosehead Insurance by 10.0% during the fourth 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.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GSHD. BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Piper Sandler dropped their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods raised their price target on shares of Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Truist Financial reaffirmed a "hold" rating and set a $90.00 price objective (up previously 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 assigned a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance has a consensus rating of "Hold" and an average price target of $115.40.

Goosehead Insurance Trading Down 1.7%

Shares of GSHD traded down $1.91 on Wednesday, reaching $108.61. 210,673 shares of the company's stock were exchanged, compared to its average volume of 272,844. 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 P/E ratio of 150.85, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45. The business has a 50 day moving average price of $108.16 and a two-hundred day moving average price of $111.64. Goosehead Insurance, Inc has a 12 month low of $54.80 and a 12 month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $75.58 million during the quarter, compared to analysts' expectations of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. Research analysts anticipate that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Insider Activity at Goosehead Insurance

In other news, Director Thomas Mcconnon sold 205,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the transaction, the director now directly owns 339,008 shares in the company, valued at approximately $41,138,620.80. The trade was a 37.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at $16,290,838.41. This represents a 12.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 413,883 shares of company stock worth $48,268,964. 48.35% of the stock is owned by insiders.

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.