Texas Permanent School Fund Corp Sells 3,100 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Texas Permanent School Fund Corp reduced its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 14.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 18,298 shares of the company’s stock after selling 3,100 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Goosehead Insurance were worth $1,051,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. acquired a new stake in Goosehead Insurance in the 1st quarter valued at $35,000. Cullen Frost Bankers Inc. boosted its stake in shares of Goosehead Insurance by 49.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after purchasing an additional 210 shares in the last quarter. RiverPark Advisors LLC acquired a new stake in shares of Goosehead Insurance in the 1st quarter valued at $104,000. PNC Financial Services Group Inc. grew its holdings in shares of Goosehead Insurance by 13.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after purchasing an additional 165 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of Goosehead Insurance by 20.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after purchasing an additional 277 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GSHD. Piper Sandler upped their price objective on shares of Goosehead Insurance from $65.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Bank of America increased their price target on Goosehead Insurance from $35.00 to $37.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 11th. Truist Financial lifted their price objective on Goosehead Insurance from $60.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. UBS Group increased their target price on Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $84.00 price target (down from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. One 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $80.40.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 7,674 shares of Goosehead Insurance stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $85.19, for a total transaction of $653,748.06. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $425,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of the business’s 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 completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at approximately $425,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark Evan Jones sold 14,030 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $82.96, for a total transaction of $1,163,928.80. Following the transaction, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,272,854.96. The disclosure for this sale can be found here. Insiders sold a total of 52,798 shares of company stock valued at $4,454,640 over the last ninety days. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Trading Down 0.4 %

GSHD stock opened at $88.70 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $92.76. The company has a market cap of $3.37 billion, a P/E ratio of 143.06, a PEG ratio of 4.28 and a beta of 1.36. The business has a fifty day moving average of $81.45 and a 200-day moving average of $69.14.

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

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.