Goosehead Insurance, Inc (NASDAQ:GSHD) Stake Decreased by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 19.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,541 shares of the company's stock after selling 13,134 shares during the quarter. Nuveen Asset Management LLC owned about 0.15% of Goosehead Insurance worth $5,955,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Alberta Investment Management Corp grew its holdings 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 purchasing an additional 25,595 shares in the last quarter. Deutsche Bank AG boosted its position in Goosehead Insurance by 48.1% in the 4th quarter. Deutsche Bank AG now owns 20,987 shares of the company's stock valued at $2,250,000 after buying an additional 6,813 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Goosehead Insurance in the fourth quarter worth $536,000. Principal Financial Group Inc. increased 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 acquiring an additional 4,333 shares during the period. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Goosehead Insurance in the fourth quarter valued at $8,737,000.

Goosehead Insurance Stock Up 0.4%

Shares of NASDAQ:GSHD traded up $0.44 during midday trading on Tuesday, hitting $111.99. 64,427 shares of the company's stock traded hands, compared to its average volume of 272,294. The firm's fifty day moving average price is $107.38 and its two-hundred day moving average price is $111.30. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a twelve month low of $54.80 and a twelve month high of $130.39. The company has a market cap of $4.20 billion, a PE ratio of 155.54, a P/E/G 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. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $75.58 million for the quarter, compared to analysts' expectations of $78.59 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The firm's quarterly revenue was up 17.2% on a year-over-year basis. On average, equities research analysts anticipate that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the 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 completion of the transaction, the insider now owns 132,349 shares of the company's stock, valued at approximately $15,897,761.88. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Lindy Langston sold 2,853 shares of the firm's stock in a transaction that occurred on 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 a total of 182,778 shares of company stock worth $20,161,729 in the last 90 days. 48.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GSHD has been the topic of several analyst reports. Bank of America raised their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. BMO Capital Markets lowered their target price on shares of 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. UBS Group cut their price target on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price target on shares of Goosehead Insurance in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance has an average rating of "Hold" and an average target price of $115.40.

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.