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TD Asset Management Inc Has $2.59 Million Position in Goosehead Insurance (NASDAQ:GSHD)

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Key Points

  • TD Asset Management Inc has reduced its stake in Goosehead Insurance by 15.3%, selling 3,964 shares and now owning 21,976 shares worth approximately $2.6 million.
  • Analysts have revised their price targets for Goosehead Insurance, with JMP Securities setting a target of $150.00 and Piper Sandler lowering it to $109.00. The overall analyst consensus rating for the stock is currently a "Hold."
  • Goosehead Insurance reported earnings of $0.49 per share, missing analysts' expectations, while its revenue of $94.03 million showed a 20.4% increase compared to the previous year.
  • Interested in Goosehead Insurance? Here are five stocks we like better.

TD Asset Management Inc reduced its stake in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 15.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,976 shares of the company's stock after selling 3,964 shares during the period. TD Asset Management Inc owned 0.06% of Goosehead Insurance worth $2,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of GSHD. Raymond James Financial Inc. acquired a new stake in Goosehead Insurance in the 4th quarter valued at about $491,000. LPL Financial LLC bought a new stake in shares of Goosehead Insurance in the 4th quarter worth approximately $251,000. Vanguard Group Inc. lifted its stake in Goosehead Insurance by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company's stock valued at $267,994,000 after purchasing an additional 19,980 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Goosehead Insurance by 10.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,792 shares of the company's stock worth $299,000 after buying an additional 254 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Goosehead Insurance by 312.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company's stock worth $11,754,000 after buying an additional 83,028 shares in the last quarter.

Goosehead Insurance Trading Up 3.4%

Goosehead Insurance stock traded up $2.93 during trading hours on Monday, reaching $88.65. 493,972 shares of the company's stock traded hands, compared to its average volume of 295,730. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 78.45, a PEG ratio of 7.52 and a beta of 1.31. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92. Goosehead Insurance has a fifty-two week low of $79.33 and a fifty-two week high of $130.39. The firm's 50 day moving average is $101.53 and its 200-day moving average is $107.21.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%. The firm's revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. On average, analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GSHD shares. Piper Sandler reiterated a "neutral" rating and set a $109.00 price objective (down previously from $122.00) on shares of Goosehead Insurance in a research report on Thursday, July 24th. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a research report on Thursday, April 24th. UBS Group reduced their price target on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a report on Monday, July 28th. BMO Capital Markets decreased their price target on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, July 25th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Goosehead Insurance presently has an average rating of "Hold" and a consensus target price of $109.50.

Get Our Latest Analysis on Goosehead Insurance

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Lindy Langston sold 2,853 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total value of $314,286.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 31,516 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $93.24, for a total transaction of $2,938,551.84. Following the transaction, the insider directly owned 132,349 shares of the company's stock, valued at $12,340,220.76. This represents a 19.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 150,482 shares of company stock worth $15,346,373 in the last 90 days. 48.35% of the stock is owned by corporate insiders.

Goosehead Insurance Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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