Barclays PLC Has $5.02 Million Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Barclays PLC cut its stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,813 shares of the company's stock after selling 12,453 shares during the period. Barclays PLC owned approximately 0.13% of Goosehead Insurance worth $5,019,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alberta Investment Management Corp grew its position in 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 buying an additional 25,595 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Goosehead Insurance during the fourth quarter valued at approximately $536,000. Principal Financial Group Inc. raised its stake in shares of Goosehead Insurance by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock valued at $12,744,000 after purchasing an additional 4,333 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Goosehead Insurance in the fourth quarter valued at $8,737,000. Finally, Amundi acquired a new stake in Goosehead Insurance during the fourth quarter worth $1,902,000.

Insider Activity

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. The trade was a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the sale, the director now directly owns 339,008 shares in the company, valued at $41,138,620.80. This represents a 37.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 308,812 shares of company stock valued at $37,392,258 over the last 90 days. 48.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GSHD. Truist Financial reaffirmed a "hold" rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a report on Thursday, April 24th. UBS Group dropped their target price on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their price target on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance Price Performance

NASDAQ GSHD traded up $1.63 on Friday, hitting $98.75. 28,455 shares of the company were exchanged, compared to its average volume of 273,266. Goosehead Insurance, Inc has a 1-year low of $54.80 and a 1-year high of $130.39. The firm has a 50 day moving average of $112.39 and a two-hundred day moving average of $111.34. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a market cap of $3.68 billion, a P/E ratio of 137.08, a P/E/G ratio of 5.17 and a beta of 1.48.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 EPS 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 analysts' expectations of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. Goosehead Insurance's revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, equities analysts predict that Goosehead Insurance, Inc 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.