SG Americas Securities LLC Sells 9,476 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

SG Americas Securities LLC reduced its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 18.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,186 shares of the company's stock after selling 9,476 shares during the quarter. SG Americas Securities LLC owned 0.11% of Goosehead Insurance worth $4,980,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GSHD. Kestra Investment Management LLC bought a new stake in shares of Goosehead Insurance during the fourth quarter valued at approximately $63,000. Smartleaf Asset Management LLC increased its holdings in shares of Goosehead Insurance by 462.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after purchasing an additional 509 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Goosehead Insurance by 51.8% in the 4th quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock worth $97,000 after purchasing an additional 309 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Goosehead Insurance in the 4th quarter worth $148,000. Finally, Prudent Man Advisors LLC bought a new stake in shares of Goosehead Insurance in the 4th quarter worth $214,000.

Insider Activity

In other Goosehead Insurance news, General Counsel John Terry O'connor sold 2,500 shares of Goosehead Insurance stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total transaction of $261,050.00. Following the completion of the sale, the general counsel now directly owns 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 document filed with the SEC, which is available at this hyperlink. Also, major shareholder Lindy Langston sold 1,105 shares of Goosehead Insurance stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $110.05, for a total value of $121,605.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 162,678 shares of company stock valued at $17,689,105. Corporate insiders own 48.35% of the company's stock.

Goosehead Insurance Trading Down 2.7%

Shares of Goosehead Insurance stock traded down $2.80 during trading on Monday, hitting $101.42. The stock had a trading volume of 204,126 shares, compared to its average volume of 270,270. The firm's fifty day simple moving average is $106.24 and its 200-day simple moving average is $110.20. The stock has a market cap of $3.81 billion, a PE ratio of 140.86, a PEG ratio of 5.17 and a beta of 1.46. 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 announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 earnings per share 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 company had revenue of $75.58 million during the quarter, compared to analyst estimates of $78.59 million. During the same quarter last year, the business posted $0.28 EPS. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, sell-side analysts expect that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on GSHD. JPMorgan Chase & Co. reduced their price objective on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Bank of America lifted their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 25th. BMO Capital Markets reduced 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 research note on Monday, April 28th. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. Finally, Truist Financial restated a "hold" rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. One 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. According to MarketBeat, Goosehead Insurance presently has a consensus rating of "Hold" and a consensus 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.