Goosehead Insurance, Inc (NASDAQ:GSHD) Position Decreased by Public Sector Pension Investment Board

Public Sector Pension Investment Board reduced its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,371 shares of the company’s stock after selling 4,200 shares during the quarter. Public Sector Pension Investment Board owned 0.14% of Goosehead Insurance worth $4,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GSHD. Price T Rowe Associates Inc. MD increased its holdings in shares of Goosehead Insurance by 14.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,152 shares of the company’s stock valued at $410,000 after buying an additional 777 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Goosehead Insurance by 55.6% during the first quarter. Janus Henderson Group PLC now owns 15,972 shares of the company’s stock valued at $1,064,000 after purchasing an additional 5,705 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in Goosehead Insurance by 47.5% during the 2nd quarter. Wesbanco Bank Inc. now owns 14,458 shares of the company’s stock worth $830,000 after buying an additional 4,658 shares during the period. Portside Wealth Group LLC boosted its holdings in shares of Goosehead Insurance by 28.8% in the second quarter. Portside Wealth Group LLC now owns 9,393 shares of the company’s stock worth $540,000 after buying an additional 2,100 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Goosehead Insurance by 5.0% in the second quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the company’s stock worth $729,000 after buying an additional 600 shares during the period.

Goosehead Insurance Stock Down 0.3 %

GSHD opened at $126.12 on Monday. The firm has a market cap of $4.68 billion, a P/E ratio of 175.17, a price-to-earnings-growth ratio of 4.86 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 moving average price of $105.11 and a 200 day moving average price of $83.43. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. Goosehead Insurance’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. Research analysts forecast that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on GSHD. TD Cowen upped their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. JMP Securities upped their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a research note on Thursday, October 24th. Piper Sandler lifted their target price on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada upped their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and an average price target of $97.90.

Insider Transactions at Goosehead Insurance

In related news, major shareholder Patrick Ryan Langston sold 3,019 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $90.34, for a total transaction of $272,736.46. Following the transaction, the insider now owns 5,000 shares of the company’s stock, valued at approximately $451,700. The trade was a 37.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark Miller sold 58,327 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the sale, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,255 shares of company stock worth $12,686,800. Company insiders own 48.35% of the company’s stock.

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.