Universal Beteiligungs und Servicegesellschaft mbH Invests $2.64 Million in Goosehead Insurance (NASDAQ:GSHD)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,368 shares of the company's stock, valued at approximately $2,641,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Goosehead Insurance at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of GSHD. Vanguard Group Inc. raised its stake in Goosehead Insurance by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company's stock worth $267,994,000 after buying an additional 19,980 shares in the last quarter. Whitebark Investors LP purchased a new stake in Goosehead Insurance in the fourth quarter worth approximately $55,326,000. Northern Trust Corp boosted its holdings in Goosehead Insurance by 10.4% in the fourth quarter. Northern Trust Corp now owns 266,466 shares of the company's stock worth $28,570,000 after purchasing an additional 25,173 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Goosehead Insurance by 89.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock worth $21,870,000 after purchasing an additional 96,309 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Goosehead Insurance by 110.0% during the 4th quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock worth $16,054,000 after acquiring an additional 78,434 shares during the last quarter.

Insider Buying and Selling at Goosehead Insurance

In related news, CFO Mark E. Jr. Jones purchased 1,149 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were acquired at an average price of $86.08 per share, for a total transaction of $98,905.92. Following the purchase, the chief financial officer owned 3,491 shares of the company's stock, valued at $300,505.28. This trade represents a 49.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel John Terry O'connor sold 2,500 shares of the 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 sale, the general counsel directly owned 1,000 shares in the company, valued at $104,420. This trade represents a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,966 shares of company stock worth $12,407,821 over the last quarter. 48.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on GSHD shares. JMP Securities restated a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a research report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. UBS Group reduced their price target on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, July 28th. BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, July 25th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $109.00 price target (down from $122.00) on shares of Goosehead Insurance in a report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $109.50.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock traded down $5.19 during trading hours on Friday, reaching $85.72. The company's stock had a trading volume of 735,483 shares, compared to its average volume of 362,981. The firm has a 50 day moving average price of $101.53 and a 200-day moving average price of $107.29. Goosehead Insurance has a one year low of $79.33 and a one year high of $130.39. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92. The stock has a market cap of $3.22 billion, a P/E ratio of 75.86, a P/E/G ratio of 7.98 and a beta of 1.31.

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

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.