3G Capital Partners LP Lowers Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

3G Capital Partners LP reduced its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 13.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,000 shares of the company's stock after selling 40,000 shares during the quarter. Goosehead Insurance comprises 7.7% of 3G Capital Partners LP's investment portfolio, making the stock its 7th biggest position. 3G Capital Partners LP owned about 0.67% of Goosehead Insurance worth $26,805,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Goosehead Insurance in the 3rd quarter worth approximately $63,000. GAMMA Investing LLC lifted its stake in Goosehead Insurance by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company's stock worth $65,000 after purchasing an additional 257 shares during the last quarter. Wallace Advisory Group LLC purchased a new stake in Goosehead Insurance during the fourth quarter valued at about $293,000. Mechanics Bank Trust Department grew its stake in shares of Goosehead Insurance by 4.5% during the fourth quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company's stock valued at $274,000 after buying an additional 109 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in shares of Goosehead Insurance by 12.5% in the fourth quarter. Atomi Financial Group Inc. now owns 3,462 shares of the company's stock worth $371,000 after buying an additional 385 shares during the period.

Insider Buying and Selling at Goosehead Insurance

In related news, CFO Mark E. Jr. Jones purchased 1,010 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the acquisition, the chief financial officer now directly owns 2,342 shares of the company's stock, valued at $276,402.84. The trade was a 75.83 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 308,812 shares of company stock valued at $37,392,258. Corporate insiders own 48.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. BMO Capital Markets dropped their price objective on 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. UBS Group decreased their target price on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Truist Financial reissued a "hold" rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, JMP Securities restated a "market outperform" rating and issued a $150.00 price objective on shares of Goosehead Insurance 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 assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $115.40.

Goosehead Insurance Trading Down 0.5 %

Shares of GSHD traded down $0.47 during trading hours on Wednesday, reaching $102.24. 50,180 shares of the company traded hands, compared to its average volume of 272,549. Goosehead Insurance, Inc has a 12 month low of $54.80 and a 12 month high of $130.39. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 142.36, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45. The company's fifty day moving average price is $111.16 and its two-hundred day moving average price is $111.53. 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 posted its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $75.58 million for the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. 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 business earned $0.28 EPS. Equities research analysts predict that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

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.