WINTON GROUP Ltd Buys 2,937 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

WINTON GROUP Ltd increased its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 22.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,982 shares of the company’s stock after acquiring an additional 2,937 shares during the quarter. WINTON GROUP Ltd’s holdings in Goosehead Insurance were worth $918,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in shares of Goosehead Insurance by 12.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 126,906 shares of the company’s stock valued at $7,289,000 after buying an additional 14,195 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Goosehead Insurance by 38.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,016 shares of the company’s stock worth $2,184,000 after acquiring an additional 10,464 shares in the last quarter. American Century Companies Inc. grew its stake in Goosehead Insurance by 35.7% in the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after acquiring an additional 110,832 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Goosehead Insurance by 30.4% during the second quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company’s stock valued at $2,017,000 after acquiring an additional 8,193 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in shares of Goosehead Insurance by 49.4% during the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after purchasing an additional 210 shares during the period.

Insider Activity

In related news, major shareholder Patrick Ryan Langston sold 7,674 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $425,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Mark Evan Jones sold 8,977 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $82.33, for a total transaction of $739,076.41. Following the completion of the transaction, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,248,000.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at approximately $425,950. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,798 shares of company stock worth $4,454,640. 48.35% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BMO Capital Markets lowered shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target for the company. in a research note on Thursday, August 22nd. Bank of America boosted their target price on shares of Goosehead Insurance from $35.00 to $37.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 11th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $84.00 price target (down previously from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. TD Cowen lowered Goosehead Insurance from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $80.00 target price on shares of Goosehead Insurance in a report on Thursday, July 25th. One equities research 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.com, Goosehead Insurance currently has a consensus rating of “Hold” and an average price target of $80.40.

Goosehead Insurance Price Performance

GSHD opened at $87.22 on Tuesday. The firm has a 50-day moving average price of $79.00 and a 200-day moving average price of $68.70. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $92.76. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 140.68, a PEG ratio of 4.28 and a beta of 1.35.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The business had revenue of $78.10 million during the quarter, compared to analyst estimates of $74.31 million. During the same period in the previous year, the business earned $0.25 EPS. Goosehead Insurance’s revenue was up 12.7% compared to the same quarter last year. Equities analysts expect that Goosehead Insurance, Inc will post 0.75 EPS for the current year.

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.