Point72 Asset Management L.P. Acquires New Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Point72 Asset Management L.P. bought a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,200 shares of the company's stock, valued at approximately $665,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GSHD. Atomi Financial Group Inc. raised its position in Goosehead Insurance by 12.5% during the fourth quarter. Atomi Financial Group Inc. now owns 3,462 shares of the company's stock worth $371,000 after acquiring an additional 385 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Goosehead Insurance by 885.5% during the fourth quarter. SG Americas Securities LLC now owns 51,662 shares of the company's stock worth $5,539,000 after buying an additional 46,420 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Goosehead Insurance by 10.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,880 shares of the company's stock worth $738,000 after buying an additional 679 shares in the last quarter. Cottonwood Capital Advisors LLC purchased a new stake in shares of Goosehead Insurance during the fourth quarter worth about $249,000. Finally, R Squared Ltd purchased a new stake in shares of Goosehead Insurance during the fourth quarter worth about $39,000.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, CFO Mark E. Jr. Jones purchased 1,010 shares of the business's stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $118.02 per share, with a total value of $119,200.20. Following the acquisition, the chief financial officer now owns 2,342 shares of the company's stock, valued at $276,402.84. The trade was a 75.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Lindy Langston sold 1,105 shares of the firm'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. Insiders sold a total of 413,883 shares of company stock worth $48,268,964 over the last 90 days. Insiders own 48.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. BMO Capital Markets lowered their price target on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Truist Financial restated a "hold" rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their target price on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price target on shares of Goosehead Insurance in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lifted their price target 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 assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance Trading Down 0.4%

GSHD opened at $107.24 on Friday. The stock has a market capitalization of $4.02 billion, a PE ratio of 148.95, a P/E/G ratio of 5.17 and a beta of 1.45. The firm's fifty day moving average price is $108.49 and its 200 day moving average price is $111.64. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. 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 posted its quarterly 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 firm had revenue of $75.58 million for 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 firm's quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. As a group, research analysts expect that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

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.

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