Jacobson & Schmitt Advisors LLC Trims Holdings in Goosehead Insurance (NASDAQ:GSHD)

Jacobson & Schmitt Advisors LLC reduced its stake in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,226 shares of the company's stock after selling 11,406 shares during the quarter. Goosehead Insurance makes up about 2.6% of Jacobson & Schmitt Advisors LLC's holdings, making the stock its 14th biggest holding. Jacobson & Schmitt Advisors LLC owned about 0.29% of Goosehead Insurance worth $12,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in shares of Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after buying an additional 191 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Goosehead Insurance by 1,251.6% during the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company's stock valued at $49,000 after buying an additional 388 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Goosehead Insurance during the 1st quarter valued at $53,000. KBC Group NV boosted its holdings in shares of Goosehead Insurance by 20.7% during the 1st quarter. KBC Group NV now owns 1,101 shares of the company's stock valued at $130,000 after buying an additional 189 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Goosehead Insurance during the 4th quarter valued at $148,000.

Insider Activity

In other news, General Counsel John Terry O'connor sold 2,500 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total transaction of $261,050.00. Following the completion of the sale, the general counsel owned 1,000 shares of the company's stock, valued at $104,420. This represents a 71.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lindy Langston sold 2,853 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $110.16, for a total transaction of $314,286.48. The disclosure for this sale can be found here. Insiders sold 118,966 shares of company stock valued at $12,407,821 in the last quarter. 48.35% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JMP Securities restated a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a report on Thursday, April 24th. UBS Group dropped their price target on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. dropped 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. BMO Capital Markets dropped 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 note on Monday, April 28th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. One equities 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 company. According to MarketBeat, Goosehead Insurance currently has a consensus rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance Stock Performance

GSHD traded up $1.22 during midday trading on Thursday, hitting $102.20. 203,901 shares of the company traded hands, compared to its average volume of 270,937. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $3.84 billion, a PE ratio of 85.88, a price-to-earnings-growth ratio of 6.80 and a beta of 1.42. The company's 50-day moving average is $104.79 and its 200 day moving average is $108.17. Goosehead Insurance has a 52 week low of $60.96 and a 52 week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $75.58 million for the quarter, compared to analysts' expectations of $78.59 million. Goosehead Insurance had a net margin of 9.51% and a negative return on equity of 99.91%. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. On average, research analysts expect that Goosehead Insurance will post 0.83 EPS for the current 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.