Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 7.3% in the 3rd quarter, Holdings Channel reports. The firm owned 6,960 shares of the company’s stock after selling 547 shares during the period. Amalgamated Bank’s holdings in Goosehead Insurance were worth $622,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Goosehead Insurance by 34.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock worth $196,956,000 after purchasing an additional 879,959 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Goosehead Insurance by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after purchasing an additional 46,861 shares in the last quarter. American Century Companies Inc. increased its position in shares of Goosehead Insurance by 35.7% during the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after purchasing an additional 110,832 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Goosehead Insurance by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock worth $22,580,000 after purchasing an additional 51,023 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Goosehead Insurance by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 177,516 shares of the company’s stock worth $10,197,000 after purchasing an additional 11,139 shares in the last quarter.

Analysts Set New Price Targets

GSHD has been the subject of several analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $84.00 target price (down from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. UBS Group upped their target price on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JMP Securities upped their target price on Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. BMO Capital Markets cut Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 target price for the company. in a report on Thursday, August 22nd. Finally, TD Cowen cut Goosehead Insurance from a “buy” rating to a “hold” rating and lowered their price target for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and a consensus price target of $91.30.

Insiders Place Their Bets

In other Goosehead Insurance news, Chairman Mark Evan Jones sold 11,699 shares of Goosehead Insurance stock in a transaction on Monday, August 19th. The shares were sold at an average price of $85.75, for a total transaction of $1,003,189.25. Following the completion of the sale, the chairman now owns 39,451 shares of the company’s stock, valued at $3,382,923.25. This trade represents a 22.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the sale, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 156,961 shares of company stock worth $15,592,994. 48.35% of the stock is owned by insiders.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $119.08 on Friday. 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 one year low of $50.47 and a one year high of $124.00. The company’s 50-day simple moving average is $97.59 and its 200-day simple moving average is $78.82. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 165.39, a PEG ratio of 4.66 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $80.54 million. During the same quarter last year, the company posted $0.28 earnings per share. Goosehead Insurance’s revenue was up 9.9% on a year-over-year basis. Equities analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Goosehead Insurance Company 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.