Man Group plc Takes Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Man Group plc acquired a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,757 shares of the company's stock, valued at approximately $510,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Occudo Quantitative Strategies LP bought a new stake in Goosehead Insurance in the fourth quarter worth $255,000. Millennium Management LLC increased its position in Goosehead Insurance by 45.8% in the fourth quarter. Millennium Management LLC now owns 105,074 shares of the company's stock worth $11,266,000 after purchasing an additional 32,998 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Goosehead Insurance by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,791 shares of the company's stock worth $1,371,000 after purchasing an additional 479 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in Goosehead Insurance in the fourth quarter worth $3,262,000. Finally, Janus Henderson Group PLC increased its position in Goosehead Insurance by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock worth $2,371,000 after purchasing an additional 139 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Piper Sandler reduced their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Bank of America boosted their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday, February 25th. BMO Capital Markets cut their price objective 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. UBS Group cut their price objective on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $115.40.

Goosehead Insurance Trading Up 0.2%

Shares of GSHD traded up $0.18 during trading hours on Friday, reaching $108.66. 118,777 shares of the company traded hands, compared to its average volume of 282,342. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 150.92, a PEG ratio of 5.17 and a beta of 1.45. 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. The stock's fifty day moving average price is $107.78 and its 200 day moving average price is $111.54.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued 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 net margin of 6.77% and a return on equity of 284.41%. The business's revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 earnings per share. Sell-side analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Insider Activity

In related news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the sale, the insider now directly owns 132,349 shares of the company's stock, valued at $16,290,838.41. This represents a 12.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Lindy Langston sold 1,105 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $110.05, for a total transaction of $121,605.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,778 shares of company stock valued at $20,161,729. 48.35% of the stock is currently owned by company insiders.

Goosehead Insurance Company 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.