Atria Investments Inc Lowers Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Atria Investments Inc reduced its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 27.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,202 shares of the company’s stock after selling 3,859 shares during the quarter. Atria Investments Inc’s holdings in Goosehead Insurance were worth $911,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake 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 valued at $196,956,000 after buying an additional 879,959 shares during the period. Vanguard Group Inc. grew its holdings in Goosehead Insurance by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after acquiring an additional 46,861 shares in the last quarter. American Century Companies Inc. increased its position in Goosehead Insurance by 35.7% during the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after purchasing an additional 110,832 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Goosehead Insurance by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock valued at $22,580,000 after purchasing an additional 51,023 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Goosehead Insurance by 6.7% in the 2nd 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 during the period.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $119.08 on Monday. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $124.00. The company has a market cap of $4.42 billion, a PE ratio of 165.39, a P/E/G ratio of 4.58 and a beta of 1.32. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The business has a 50-day simple moving average of $97.59 and a two-hundred day simple moving average of $79.11.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $78.04 million during the quarter, compared to analyst estimates of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. Goosehead Insurance’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm posted $0.28 EPS. As a group, equities analysts expect that Goosehead Insurance, Inc will post 0.84 EPS for the current fiscal year.

Insider Transactions at Goosehead Insurance

In related news, CEO Mark Miller sold 58,327 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the transaction, the chief executive officer now owns 30,000 shares in the company, valued at $3,306,600. This trade represents a 66.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Mark Evan Jones sold 14,030 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $82.96, for a total value of $1,163,928.80. Following the sale, the chairman now owns 39,451 shares in the company, valued at approximately $3,272,854.96. The trade was a 26.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,262 shares of company stock worth $14,589,805. Company insiders own 48.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on GSHD. Royal Bank of Canada lifted their price objective on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Piper Sandler lifted their price target on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Truist Financial upped their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. BMO Capital Markets lowered Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 target price on the stock. in a research note on Thursday, August 22nd. Finally, TD Cowen lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating and decreased their price target for the company from $98.00 to $94.00 in a research report on Thursday, August 15th. One investment 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 MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and a consensus target price of $91.30.

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.