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

SG Americas Securities LLC cut its stake in 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 Securities and Exchange Commission (SEC). The fund 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.

A number of other hedge funds have also modified their holdings of GSHD. GAMMA Investing LLC grew its holdings in Goosehead Insurance by 11,900.8% during the first quarter. GAMMA Investing LLC now owns 72,725 shares of the company's stock valued at $8,586,000 after purchasing an additional 72,119 shares during the period. Alberta Investment Management Corp boosted its position in shares of Goosehead Insurance by 232.8% during the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company's stock worth $3,923,000 after purchasing an additional 25,595 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Goosehead Insurance by 48.1% in the 4th quarter. Deutsche Bank AG now owns 20,987 shares of the company's stock valued at $2,250,000 after buying an additional 6,813 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Goosehead Insurance in the 4th quarter valued at $536,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Goosehead Insurance during the 4th quarter valued at about $665,000.

Insider Activity at Goosehead Insurance

In related news, General Counsel John Terry O'connor sold 2,500 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total value of $261,050.00. Following the transaction, the general counsel now owns 1,000 shares in the company, valued at approximately $104,420. This represents a 71.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $120.82, for a total transaction of $5,281,283.84. Following the completion of the transaction, the insider now directly owns 132,349 shares in the company, valued at approximately $15,990,406.18. This represents a 24.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 162,678 shares of company stock worth $17,689,105. Insiders own 48.35% of the company's stock.

Goosehead Insurance Stock Down 3.7%

Shares of NASDAQ GSHD traded down $4.02 during trading hours on Friday, hitting $104.22. The company had a trading volume of 202,835 shares, compared to its average volume of 270,258. The stock has a market capitalization of $3.91 billion, a P/E ratio of 144.75, a price-to-earnings-growth ratio of 5.17 and a beta of 1.46. Goosehead Insurance, Inc has a 1-year low of $54.80 and a 1-year high of $130.39. The firm's 50 day moving average is $106.28 and its 200-day moving average is $110.77. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. On average, analysts expect that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GSHD has been the topic of several research reports. JPMorgan Chase & Co. cut 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 report on Thursday, April 24th. Bank of America upped 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. UBS Group decreased their price objective on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 28th. Piper Sandler cut their target price 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. Finally, Keefe, Bruyette & Woods upped their price target on Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. One investment 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.