Principal Financial Group Inc. Increases Position in Goosehead Insurance (NASDAQ:GSHD)

Principal Financial Group Inc. raised its stake in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 2.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 121,654 shares of the company's stock after purchasing an additional 2,800 shares during the period. Principal Financial Group Inc. owned approximately 0.33% of Goosehead Insurance worth $14,362,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GSHD. Bessemer Group Inc. lifted its position in shares of Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock worth $34,000 after buying an additional 191 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Goosehead Insurance by 11,900.8% during the 1st quarter. GAMMA Investing LLC now owns 72,725 shares of the company's stock worth $8,586,000 after buying an additional 72,119 shares in the last quarter. KBC Group NV lifted its position 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 worth $130,000 after buying an additional 189 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Goosehead Insurance by 48.1% during the 4th quarter. Deutsche Bank AG now owns 20,987 shares of the company's stock worth $2,250,000 after buying an additional 6,813 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $536,000.

Analysts Set New Price Targets

Several equities analysts have commented on GSHD shares. BMO Capital Markets dropped their target price 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. JPMorgan Chase & Co. dropped their target price on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Piper Sandler dropped their target price 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. JMP Securities reissued a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. Finally, UBS Group lowered their price target on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $115.40.

Goosehead Insurance Stock Performance

Shares of NASDAQ:GSHD traded down $4.11 during mid-day trading on Friday, reaching $96.32. The company had a trading volume of 159,116 shares, compared to its average volume of 271,598. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 2.10. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 80.94, a PEG ratio of 6.82 and a beta of 1.42. The company's 50-day moving average price is $105.03 and its 200-day moving average price is $108.35. Goosehead Insurance has a one year low of $60.96 and a one year high of $130.39.

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. Goosehead Insurance had a net margin of 9.51% and a negative return on equity of 99.91%. The business 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 EPS. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, General Counsel John Terry O'connor sold 2,500 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total transaction of $261,050.00. Following the sale, the general counsel owned 1,000 shares of the company's stock, valued at $104,420. The trade was a 71.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 21,385 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $104.76, for a total transaction of $2,240,292.60. Following the sale, the insider directly owned 132,349 shares in the company, valued at $13,864,881.24. The trade was a 13.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,966 shares of company stock valued at $12,407,821 in the last 90 days. 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.