Northern Trust Corp Raises Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Northern Trust Corp grew its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 266,466 shares of the company's stock after buying an additional 25,173 shares during the period. Northern Trust Corp owned 0.72% of Goosehead Insurance worth $28,570,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Goosehead Insurance by 51.4% during the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock worth $69,597,000 after purchasing an additional 220,267 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Goosehead Insurance by 312.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company's stock worth $11,754,000 after buying an additional 83,028 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in Goosehead Insurance in the 4th quarter worth about $8,737,000. First Trust Advisors LP bought a new position in Goosehead Insurance in the 4th quarter valued at approximately $5,264,000. Finally, Marshall Wace LLP grew its holdings in Goosehead Insurance by 981.8% during the 4th quarter. Marshall Wace LLP now owns 53,959 shares of the company's stock worth $5,785,000 after acquiring an additional 48,971 shares during the last quarter.

Goosehead Insurance Stock Up 3.0%

Shares of NASDAQ GSHD traded up $3.24 during trading on Friday, hitting $112.14. 45,982 shares of the company traded hands, compared to its average volume of 272,898. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 155.88, a P/E/G ratio of 5.17 and a beta of 1.45. The business's fifty day moving average is $108.98 and its 200 day moving average is $111.59. 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 fifty-two week low of $54.80 and a fifty-two week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its 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 business had revenue of $75.58 million during the quarter, compared to analyst estimates of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm's revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Equities research analysts predict that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the transaction, the director now owns 339,008 shares in the company, valued at approximately $41,138,620.80. This represents a 37.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $101.95, for a total transaction of $3,066,757.95. Following the completion of the transaction, the insider now directly owns 132,349 shares in the company, valued at $13,492,980.55. This trade represents a 18.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 412,778 shares of company stock valued at $48,147,358 over the last ninety days. 37.76% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on GSHD. UBS Group decreased their price objective on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods raised their price objective on Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Truist Financial restated a "hold" rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Finally, Bank of America upped their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Goosehead Insurance currently has an average rating of "Hold" and an average price target of $115.40.

Goosehead Insurance 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.