Goosehead Insurance Inc (NASDAQ:GSHD) Major Shareholder Sells $577,001.88 in Stock

Goosehead Insurance Inc (NASDAQ:GSHD) major shareholder Robyn Mary Elizabeth Jones sold 12,978 shares of the business’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $44.46, for a total transaction of $577,001.88. Following the completion of the transaction, the insider now owns 747,890 shares of the company’s stock, valued at $33,251,189.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Robyn Mary Elizabeth Jones also recently made the following trade(s):

  • On Tuesday, January 7th, Robyn Mary Elizabeth Jones sold 13,900 shares of Goosehead Insurance stock. The stock was sold at an average price of $44.61, for a total transaction of $620,079.00.
  • On Wednesday, December 18th, Robyn Mary Elizabeth Jones sold 45,830 shares of Goosehead Insurance stock. The stock was sold at an average price of $41.98, for a total transaction of $1,923,943.40.
  • On Friday, December 13th, Robyn Mary Elizabeth Jones sold 3,905 shares of Goosehead Insurance stock. The stock was sold at an average price of $40.02, for a total transaction of $156,278.10.
  • On Friday, December 6th, Robyn Mary Elizabeth Jones sold 24,754 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.54, for a total transaction of $1,003,527.16.
  • On Tuesday, December 10th, Robyn Mary Elizabeth Jones sold 1,500 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.01, for a total transaction of $60,015.00.
  • On Monday, December 2nd, Robyn Mary Elizabeth Jones sold 14,422 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.13, for a total transaction of $578,754.86.
  • On Wednesday, December 4th, Robyn Mary Elizabeth Jones sold 43,490 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.30, for a total transaction of $1,752,647.00.

Shares of GSHD traded down $0.29 during mid-day trading on Monday, hitting $44.15. 203,965 shares of the company traded hands, compared to its average volume of 137,053. Goosehead Insurance Inc has a 1-year low of $24.05 and a 1-year high of $51.98. The company has a market capitalization of $675.93 million, a PE ratio of 220.75, a price-to-earnings-growth ratio of 1.51 and a beta of 0.10. The business has a 50 day moving average of $42.15 and a 200 day moving average of $45.08.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. Goosehead Insurance had a net margin of 5.69% and a negative return on equity of 15.46%. The company had revenue of $21.17 million for the quarter, compared to the consensus estimate of $21.57 million. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. On average, sell-side analysts predict that Goosehead Insurance Inc will post 0.33 earnings per share for the current fiscal year.

GSHD has been the topic of several recent analyst reports. Royal Bank of Canada initiated coverage on shares of Goosehead Insurance in a report on Tuesday, December 17th. They set an “outperform” rating and a $50.00 price objective on the stock. Zacks Investment Research downgraded shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods upped their price objective on shares of Goosehead Insurance from $38.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. ValuEngine downgraded shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. set a $60.00 price objective on shares of Goosehead Insurance and gave the company a “buy” rating in a report on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $51.60.

A number of large investors have recently modified their holdings of the stock. Ashford Capital Management Inc. acquired a new position in shares of Goosehead Insurance in the second quarter valued at approximately $14,474,000. GW&K Investment Management LLC raised its holdings in Goosehead Insurance by 387.0% in the 3rd quarter. GW&K Investment Management LLC now owns 276,469 shares of the company’s stock valued at $13,644,000 after acquiring an additional 219,702 shares during the period. Kayne Anderson Rudnick Investment Management LLC bought a new position in Goosehead Insurance in the 2nd quarter valued at about $7,985,000. Picton Mahoney Asset Management bought a new position in Goosehead Insurance in the 3rd quarter valued at about $7,911,000. Finally, BlackRock Inc. raised its holdings in Goosehead Insurance by 16.7% in the 2nd quarter. BlackRock Inc. now owns 697,667 shares of the company’s stock valued at $33,348,000 after acquiring an additional 99,656 shares during the period. Institutional investors own 89.13% of the company’s stock.

About Goosehead Insurance

Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.

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Insider Buying and Selling by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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