Vanguard Group Inc. Raises Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Vanguard Group Inc. increased its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 17.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,332,578 shares of the company's stock after purchasing an additional 351,630 shares during the quarter. Vanguard Group Inc. owned approximately 6.16% of Goosehead Insurance worth $173,847,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky purchased a new position in Goosehead Insurance in the third quarter valued at about $494,000. Citigroup Inc. increased its holdings in Goosehead Insurance by 30.9% in the third quarter. Citigroup Inc. now owns 9,105 shares of the company's stock worth $679,000 after buying an additional 2,148 shares during the last quarter. Deutsche Bank AG grew its position in Goosehead Insurance by 10.6% in the third quarter. Deutsche Bank AG now owns 13,702 shares of the company's stock worth $1,021,000 after acquiring an additional 1,318 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Goosehead Insurance in the 3rd quarter valued at $2,202,000. Finally, Comerica Bank bought a new position in Goosehead Insurance during the third quarter valued at about $867,000.

Goosehead Insurance Price Performance

Shares of GSHD stock traded up $2.25 during trading hours on Monday, hitting $68.87. The company had a trading volume of 231,487 shares, compared to its average volume of 271,087. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 120.82, a PEG ratio of 5.02 and a beta of 1.29. Goosehead Insurance, Inc has a 12 month low of $49.42 and a 12 month high of $92.76. The firm's fifty day moving average is $77.45 and its 200 day moving average is $74.43.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. The company had revenue of $63.01 million for the quarter, compared to analyst estimates of $68.18 million. On average, sell-side analysts predict that Goosehead Insurance, Inc will post 0.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on GSHD. Piper Sandler upped their price target on Goosehead Insurance from $85.00 to $88.00 and gave the stock an "overweight" rating in a research note on Thursday. TD Cowen initiated coverage on Goosehead Insurance in a report on Wednesday, January 10th. They set an "outperform" rating and a $105.00 price target on the stock. BMO Capital Markets reduced their price objective on shares of Goosehead Insurance from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, Truist Financial dropped their target price on shares of Goosehead Insurance from $75.00 to $70.00 and set a "hold" rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Goosehead Insurance presently has an average rating of "Moderate Buy" and a consensus price target of $82.43.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the completion of the sale, the insider now owns 132,349 shares of the company's stock, valued at $9,915,587.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the firm's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total value of $2,722,368.04. Following the completion of the sale, the insider now directly owns 132,349 shares in the company, valued at $9,915,587.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Desiree Coleman sold 2,324 shares of Goosehead Insurance stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. Company insiders own 48.35% of the company's stock.

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.