Man Group plc Buys New Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Man Group plc purchased a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,757 shares of the company's stock, valued at approximately $510,000.

A number of other hedge funds also recently bought and sold shares of the business. Louisiana State Employees Retirement System lifted its position 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 in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Goosehead Insurance by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock valued at $2,371,000 after purchasing an additional 139 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Goosehead Insurance by 1.5% in the fourth quarter. New York State Teachers Retirement System now owns 13,468 shares of the company's stock valued at $1,444,000 after purchasing an additional 204 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Goosehead Insurance by 2.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company's stock valued at $959,000 after purchasing an additional 210 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Goosehead Insurance by 10.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,792 shares of the company's stock valued at $299,000 after purchasing an additional 254 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on GSHD shares. Piper Sandler cut their price target on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods increased their price target on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Bank of America raised their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, BMO Capital Markets cut their target price on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. One 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.com, Goosehead Insurance presently has a consensus rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance Stock Up 0.1%

NASDAQ:GSHD traded up $0.15 during midday trading on Friday, reaching $108.63. The company had a trading volume of 231,191 shares, compared to its average volume of 273,143. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 150.88, a PEG ratio of 5.17 and a beta of 1.45. The stock's fifty day simple moving average is $107.53 and its 200-day simple moving average is $111.41. Goosehead Insurance, Inc has a 12-month low of $54.80 and a 12-month high of $130.39. 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 (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $75.58 million during the quarter, compared to analyst estimates of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. Goosehead Insurance's revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business posted $0.28 earnings per share. On average, sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total value of $60,060.00. Following the transaction, the insider now owns 132,349 shares in the company, valued at $15,897,761.88. The trade was a 0.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Lindy Langston sold 2,853 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $110.16, for a total value of $314,286.48. The disclosure for this sale can be found here. Insiders sold 182,778 shares of company stock valued at $20,161,729 in the last ninety days. 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.