Invesco Ltd. Buys 18,537 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Invesco Ltd. lifted its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 39.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,304 shares of the company's stock after acquiring an additional 18,537 shares during the quarter. Invesco Ltd. owned about 0.18% of Goosehead Insurance worth $7,002,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp increased its position in shares of Goosehead Insurance by 232.8% during the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company's stock valued at $3,923,000 after purchasing an additional 25,595 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Goosehead Insurance in the fourth quarter worth about $536,000. Principal Financial Group Inc. lifted its holdings in Goosehead Insurance by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock valued at $12,744,000 after acquiring an additional 4,333 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in Goosehead Insurance in the 4th quarter valued at about $8,737,000. Finally, Amundi bought a new position in shares of Goosehead Insurance during the 4th quarter valued at about $1,902,000.

Analyst Upgrades and Downgrades

GSHD has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Truist Financial reaffirmed a "hold" rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. JMP Securities reiterated a "market outperform" rating and issued a $150.00 price target on shares of Goosehead Insurance in a research report on Thursday, April 24th. Bank of America boosted their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. Finally, UBS Group decreased 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. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance Stock Up 1.3 %

Shares of NASDAQ GSHD traded up $1.29 during mid-day trading on Wednesday, reaching $97.21. The company had a trading volume of 260,471 shares, compared to its average volume of 275,948. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 135.02, a PEG ratio of 5.17 and a beta of 1.48. The stock has a fifty day moving average of $112.56 and a two-hundred day moving average of $111.32. Goosehead Insurance, Inc has a 12-month low of $54.80 and a 12-month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The company's revenue was up 17.2% compared to the same quarter last year. As a group, equities research analysts expect that Goosehead Insurance, Inc will post 0.83 EPS for the current year.

Insider Buying and Selling at Goosehead Insurance

In other news, CFO Mark E. Jr. Jones purchased 1,010 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $118.02 per share, with a total value of $119,200.20. Following the purchase, the chief financial officer now owns 2,342 shares in the company, valued at $276,402.84. This represents a 75.83 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at approximately $16,290,838.41. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 308,812 shares of company stock worth $37,392,258 over the last 90 days. 48.35% of the stock is currently owned by corporate insiders.

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.