Public Employees Retirement System of Ohio Acquires New Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Public Employees Retirement System of Ohio bought a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 33,962 shares of the company's stock, valued at approximately $3,641,000. Public Employees Retirement System of Ohio owned approximately 0.09% of Goosehead Insurance at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Alberta Investment Management Corp lifted its stake in Goosehead Insurance by 232.8% in the 4th 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 during the last quarter. Deutsche Bank AG grew its holdings in shares of Goosehead Insurance by 48.1% during the fourth quarter. Deutsche Bank AG now owns 20,987 shares of the company's stock worth $2,250,000 after purchasing an additional 6,813 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Goosehead Insurance in the fourth quarter valued at approximately $536,000. Point72 Asset Management L.P. bought a new position in Goosehead Insurance in the 4th quarter valued at approximately $665,000. Finally, Principal Financial Group Inc. raised its holdings in Goosehead Insurance by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock valued at $12,744,000 after buying an additional 4,333 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Piper Sandler decreased their price objective on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Bank of America raised their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 25th. Truist Financial restated a "hold" rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research 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 research note on Thursday, April 24th. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $115.40.

Goosehead Insurance Stock Down 0.8%

GSHD stock traded down $0.94 during midday trading on Tuesday, reaching $110.61. 186,089 shares of the company's stock traded hands, compared to its average volume of 272,634. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm's fifty day moving average price is $107.18 and its 200-day moving average price is $111.30. Goosehead Insurance, Inc has a 52 week low of $54.80 and a 52 week high of $130.39. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 153.63, 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $75.58 million during the quarter, compared to analysts' expectations of $78.59 million. During the same period last year, the company earned $0.28 earnings per share. The business's revenue was up 17.2% on a year-over-year basis. As a group, sell-side analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Lindy Langston sold 2,853 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $110.16, for a total value of $314,286.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel John Terry O'connor sold 2,500 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total transaction of $261,050.00. Following the transaction, the general counsel now directly owns 1,000 shares in the company, valued at $104,420. The trade was a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 182,778 shares of company stock worth $20,161,729. Insiders own 48.35% of the company's stock.

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.