Jane Street Group LLC Raises Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Jane Street Group LLC lifted its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,737 shares of the company's stock after buying an additional 8,442 shares during the period. Jane Street Group LLC owned approximately 0.14% of Goosehead Insurance worth $5,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Freestone Grove Partners LP purchased a new position in Goosehead Insurance during the fourth quarter worth about $281,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Goosehead Insurance during the 4th quarter valued at approximately $690,000. Northern Trust Corp lifted 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 valued at $28,570,000 after acquiring an additional 25,173 shares during the last quarter. Two Sigma Securities LLC grew its position in Goosehead Insurance by 14.9% in the fourth quarter. Two Sigma Securities LLC now owns 3,531 shares of the company's stock worth $379,000 after acquiring an additional 459 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Goosehead Insurance by 27.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,355 shares of the company's stock worth $1,004,000 after acquiring an additional 2,025 shares during the last quarter.

Goosehead Insurance Stock Up 2.0%

Shares of Goosehead Insurance stock traded up $2.10 during trading hours on Monday, reaching $105.42. 333,059 shares of the company were exchanged, compared to its average volume of 272,436. The firm has a market cap of $3.96 billion, a PE ratio of 146.42, a PEG ratio of 5.17 and a beta of 1.45. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a 1 year low of $54.80 and a 1 year high of $130.39. The stock's fifty day moving average is $109.60 and its 200 day moving average is $111.67.

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

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, CFO Mark E. Jr. Jones purchased 1,010 shares of the business's stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the purchase, the chief financial officer now directly owns 2,342 shares in the company, valued at approximately $276,402.84. This represents a 75.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the sale, the director now directly owns 339,008 shares of the company's stock, valued at $41,138,620.80. This trade represents a 37.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 338,893 shares of company stock valued at $40,459,016 over the last 90 days. 48.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target 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 target on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a research report on Thursday, April 24th. UBS Group cut their target price on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, Truist Financial restated a "hold" rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. One equities research 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's stock. According to data from MarketBeat.com, Goosehead Insurance has an average rating of "Hold" and an average price target of $115.40.

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.