Illinois Municipal Retirement Fund Takes $1.08 Million Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Illinois Municipal Retirement Fund bought a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,287 shares of the company's stock, valued at approximately $1,083,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in shares of Goosehead Insurance in the third quarter valued at $9,501,000. Vanguard Group Inc. grew its stake in Goosehead Insurance by 17.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company's stock worth $173,847,000 after purchasing an additional 351,630 shares in the last quarter. Amalgamated Bank grew its stake in Goosehead Insurance by 217.7% during the 3rd quarter. Amalgamated Bank now owns 10,143 shares of the company's stock worth $756,000 after purchasing an additional 6,950 shares in the last quarter. FMR LLC grew its stake in Goosehead Insurance by 383.3% during the 3rd quarter. FMR LLC now owns 70,292 shares of the company's stock worth $5,239,000 after purchasing an additional 55,747 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in Goosehead Insurance during the 3rd quarter worth $23,614,000.

Analyst Ratings Changes

Several research analysts recently commented on GSHD shares. Keefe, Bruyette & Woods lowered their target price on Goosehead Insurance from $93.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday. TD Cowen assumed coverage on Goosehead Insurance in a research report on Wednesday, January 10th. They set an "outperform" rating and a $105.00 price objective for the company. Piper Sandler lowered their price objective on Goosehead Insurance from $88.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday. BMO Capital Markets lowered their price objective on Goosehead Insurance from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. lowered their price objective on Goosehead Insurance from $62.00 to $59.00 and set a "neutral" rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.89.

Goosehead Insurance Stock Performance

GSHD traded up $2.34 on Friday, hitting $55.50. 788,743 shares of the company traded hands, compared to its average volume of 351,810. The company has a 50 day moving average of $68.89 and a 200-day moving average of $72.42. The company has a quick ratio of 1.82, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $2.11 billion, a PE ratio of 89.52, a PEG ratio of 3.99 and a beta of 1.28. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $92.76.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The firm had revenue of $64.46 million during the quarter, compared to the consensus estimate of $66.24 million. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. Sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.9 earnings per share for the current year.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of the business's stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total transaction of $186,315.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of the business's stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total transaction of $186,315.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel John Terry O'connor purchased 1,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $73.46 per share, for a total transaction of $73,460.00. Following the acquisition, the general counsel now owns 1,000 shares in the company, valued at $73,460. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. 48.35% of the stock is currently owned by insiders.

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.