Principal Financial Group Inc. Grows Stake in Goosehead Insurance (NASDAQ:GSHD)

Principal Financial Group Inc. boosted its stake in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,654 shares of the company's stock after purchasing an additional 2,800 shares during the quarter. Principal Financial Group Inc. owned approximately 0.33% of Goosehead Insurance worth $14,362,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Whitebark Investors LP purchased a new position in shares of Goosehead Insurance in the 4th quarter valued at about $55,326,000. American Century Companies Inc. increased its holdings in shares of Goosehead Insurance by 51.4% in the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock valued at $69,597,000 after acquiring an additional 220,267 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Goosehead Insurance by 89.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock valued at $21,870,000 after acquiring an additional 96,309 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Goosehead Insurance by 312.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company's stock valued at $11,754,000 after acquiring an additional 83,028 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Goosehead Insurance by 110.0% in the 4th quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock valued at $16,054,000 after acquiring an additional 78,434 shares during the last quarter.

Goosehead Insurance Stock Performance

Goosehead Insurance stock traded up $5.01 during mid-day trading on Wednesday, reaching $101.10. 225,250 shares of the company were exchanged, compared to its average volume of 271,372. Goosehead Insurance has a twelve month low of $60.96 and a twelve month high of $130.39. The firm's 50-day simple moving average is $104.82 and its two-hundred day simple moving average is $108.22. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.79 and a current ratio of 2.79. The firm has a market cap of $3.79 billion, a PE ratio of 84.96, a price-to-earnings-growth ratio of 6.84 and a beta of 1.42.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Goosehead Insurance had a negative return on equity of 99.91% and a net margin of 9.51%. The company had revenue of $75.58 million during the quarter, compared to analysts' expectations of $78.59 million. During the same period last year, the firm earned $0.28 EPS. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. Equities analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on GSHD. Piper Sandler dropped their price target on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. JMP Securities restated a "market outperform" rating and set a $150.00 price target on shares of Goosehead Insurance in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods raised their price target on Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, BMO Capital Markets dropped their price target on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Goosehead Insurance currently has a consensus rating of "Hold" and an average target price of $115.40.

Insider Activity

In other news, major shareholder & Robyn Jones Descendants Mark sold 21,385 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $104.76, for a total value of $2,240,292.60. Following the completion of the sale, the insider directly owned 132,349 shares of the company's stock, valued at $13,864,881.24. This trade represents a 13.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel John Terry O'connor sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total value of $261,050.00. Following the completion of the sale, the general counsel directly owned 1,000 shares of the company's stock, valued at $104,420. This represents a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,966 shares of company stock valued at $12,407,821 in the last three months. 48.35% of the stock is currently owned by company insiders.

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.