Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 5.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,040 shares of the company’s stock after acquiring an additional 276 shares during the period. HighTower Advisors LLC’s holdings in Goosehead Insurance were worth $448,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Goosehead Insurance in the third quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in Goosehead Insurance by 195.8% during the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after purchasing an additional 231 shares in the last quarter. Blue Trust Inc. grew its position in Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after acquiring an additional 403 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Goosehead Insurance by 49.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after buying an additional 210 shares during the period. Finally, Financial Management Professionals Inc. acquired a new stake in Goosehead Insurance in the 3rd quarter valued at about $60,000.

Insider Transactions at Goosehead Insurance

In related news, major shareholder Patrick Ryan Langston sold 3,019 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $90.34, for a total transaction of $272,736.46. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at $451,700. This represents a 37.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction dated 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 owns 30,000 shares in the company, valued at approximately $3,306,600. This represents a 66.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 122,255 shares of company stock valued at $12,686,800. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Stock Down 1.4 %

GSHD opened at $106.19 on Friday. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $130.39. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The business has a 50-day moving average of $113.54 and a two-hundred day moving average of $88.89. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 147.49, a price-to-earnings-growth ratio of 4.51 and a beta of 1.38.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. On average, research analysts expect that Goosehead Insurance, Inc will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Truist Financial upped their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Piper Sandler upped their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. BMO Capital Markets increased their price target on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Royal Bank of Canada upped their price objective on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, JMP Securities lifted their target price on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Goosehead Insurance currently has an average rating of “Hold” and an average target price of $97.90.

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.