Ameriprise Financial Inc. Acquires 78,434 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Ameriprise Financial Inc. grew its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 110.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,750 shares of the company's stock after buying an additional 78,434 shares during the period. Ameriprise Financial Inc. owned 0.40% of Goosehead Insurance worth $16,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of GSHD. R Squared Ltd purchased a new position in Goosehead Insurance during the fourth quarter valued at $39,000. Kestra Investment Management LLC bought a new position in shares of Goosehead Insurance during the 4th quarter valued at about $63,000. Smartleaf Asset Management LLC boosted its holdings in shares of Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock valued at $64,000 after purchasing an additional 509 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Goosehead Insurance by 51.8% during the fourth quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock valued at $97,000 after purchasing an additional 309 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Goosehead Insurance in the fourth quarter worth about $148,000.

Analysts Set New Price Targets

A number of brokerages recently commented on GSHD. Piper Sandler dropped their price target on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Bank of America increased their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday, February 25th. UBS Group cut their target price on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 28th. 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 research report on Thursday, April 24th. Finally, Truist Financial reiterated a "hold" rating and set a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $115.40.

Goosehead Insurance Trading Down 1.8%

GSHD traded down $1.97 during trading on Thursday, reaching $105.69. The company had a trading volume of 28,225 shares, compared to its average volume of 273,825. 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 business has a 50 day simple moving average of $108.66 and a 200-day simple moving average of $111.64. The stock has a market cap of $3.97 billion, a P/E ratio of 147.21, a PEG ratio of 5.17 and a beta of 1.45. Goosehead Insurance, Inc has a 52 week low of $54.80 and a 52 week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $75.58 million for 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 business's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, equities analysts anticipate that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Insider Activity at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $101.95, for a total transaction of $3,066,757.95. Following the completion of the sale, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $13,492,980.55. The trade was a 18.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Mcconnon sold 205,000 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the transaction, the director now owns 339,008 shares in the company, valued at approximately $41,138,620.80. The trade was a 37.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 412,778 shares of company stock worth $48,147,358. Insiders own 48.35% of the company's stock.

Goosehead Insurance Company 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.