Jane Street Group LLC Purchases 8,442 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Jane Street Group LLC increased its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 20.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,737 shares of the company's stock after purchasing an additional 8,442 shares during the quarter. Jane Street Group LLC owned approximately 0.14% of Goosehead Insurance worth $5,440,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Goosehead Insurance during the third quarter worth approximately $63,000. GAMMA Investing LLC boosted 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 in the last quarter. Wallace Advisory Group LLC acquired a new stake in shares of Goosehead Insurance in the fourth quarter valued at $293,000. Mechanics Bank Trust Department raised its holdings in shares of Goosehead Insurance by 4.5% in 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. lifted its position in Goosehead Insurance by 12.5% during the 4th quarter. Atomi Financial Group Inc. now owns 3,462 shares of the company's stock worth $371,000 after buying an additional 385 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GSHD shares. UBS Group dropped their target price on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Keefe, Bruyette & Woods increased their price objective 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 issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Bank of America boosted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut their price objective on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $115.40.

Insider Buying and Selling at Goosehead Insurance

In other news, 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 transaction of $24,876,750.00. Following the completion of the sale, the director now owns 339,008 shares in the company, valued at approximately $41,138,620.80. This trade represents a 37.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at approximately $16,290,838.41. This trade represents a 12.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 410,278 shares of company stock worth $47,886,308. 37.76% of the stock is owned by corporate insiders.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock traded up $1.68 during midday trading on Thursday, hitting $107.73. 48,078 shares of the company traded hands, compared to its average volume of 272,849. The firm's fifty day moving average price is $109.14 and its 200-day moving average price is $111.59. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 149.45, a PEG ratio of 5.17 and a beta of 1.45. Goosehead Insurance, Inc has a 12 month low of $54.80 and a 12 month high of $130.39. 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 (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The company 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 was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. As a group, sell-side analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share 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.