Russell Investments Group Ltd. Has $8.23 Million Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Russell Investments Group Ltd. grew its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,551 shares of the company’s stock after buying an additional 5,693 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.29% of Goosehead Insurance worth $8,228,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Goosehead Insurance by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company’s stock worth $173,847,000 after acquiring an additional 351,630 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Goosehead Insurance in the third quarter worth approximately $23,614,000. 3G Capital Partners LP boosted its holdings in shares of Goosehead Insurance by 100.6% during the third quarter. 3G Capital Partners LP now owns 210,000 shares of the company’s stock worth $15,651,000 after purchasing an additional 105,303 shares during the period. Barclays PLC grew its position in Goosehead Insurance by 1,673.1% during the third quarter. Barclays PLC now owns 191,401 shares of the company’s stock valued at $14,266,000 after purchasing an additional 180,606 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Goosehead Insurance by 7.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 183,048 shares of the company’s stock valued at $13,643,000 after buying an additional 12,362 shares during the period.

Goosehead Insurance Stock Up 1.2 %

Shares of Goosehead Insurance stock opened at $61.01 on Wednesday. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $92.76. The stock has a market capitalization of $2.32 billion, a P/E ratio of 98.40, a PEG ratio of 3.13 and a beta of 1.31. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. The stock has a 50 day moving average price of $65.87 and a two-hundred day moving average price of $71.80.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. The business had revenue of $64.46 million during the quarter, compared to the consensus estimate of $66.24 million. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. Equities analysts expect that Goosehead Insurance, Inc will post 0.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GSHD shares. Truist Financial lowered their price target on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. TD Cowen assumed coverage on Goosehead Insurance in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 target price on the stock. Keefe, Bruyette & Woods reduced their price target on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. BMO Capital Markets dropped their price objective on Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. Finally, Piper Sandler reduced their target price on shares of Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Moderate Buy” and an average target price of $78.89.

Insider Activity

In related news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.67, for a total transaction of $297,685.78. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at approximately $10,014,848.83. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Desiree Coleman sold 17,070 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $80.15, for a total transaction of $1,368,160.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.67, for a total transaction of $297,685.78. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $10,014,848.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 17,582 shares of company stock valued at $1,141,849 and have sold 57,341 shares valued at $4,388,214. 38.03% of the stock is currently owned by company insiders.

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.