Versor Investments LP cut its holdings in Goosehead Insurance Inc (NASDAQ: GSHD – Get Rating) by 37.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The company owned 9,920 shares of the company’s stock after selling 6,058 shares during the quarter. Goosehead Insurance’s Versor Investments LP holdings were valued at $341,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Group One Trading LP acquired a new stake in Goosehead Insurance stock in the first quarter valued at approximately $59,000. HighTower Advisors LLC increased its position in Goosehead Insurance stock by 16.6% during the first quarter. HighTower Advisors LLC now owns 3,167 shares of the company’s stock valued at $248,000 after acquiring an additional 450 shares during the period. Cetera Advisor Networks LLC purchased a new stake in Goosehead Insurance stock during the first quarter worth approximately $519,000. Bank of Montreal Cannes increased its stake in Goosehead Insurance shares by 47.6% in the first quarter. Bank of Montreal Cannes now owns 13,023 shares of the company’s stock valued at $1,120,000 after acquiring an additional 4,202 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Goosehead Insurance by 53.5% in the first quarter. MetLife Investment Management LLC now owns 9,763 shares of the company’s stock valued at $767,000 after purchasing an additional 3,404 shares last quarter. 99.96% of the shares are currently held by hedge funds and other institutional investors.
Wall Street analyst forecasts for growth
A number of analysts have commented on the company. BMO Capital Markets began coverage on Goosehead Insurance in a research report on Thursday, January 19th. They have a “market perform” rating and a price target of $39.00 per share. Piper Sandler raised its price target for Goosehead Insurance shares from $50.00 to $59.00 and assigned the company an “overweight” rating in a research note on Wednesday. Credit Suisse reaffirmed an “outperform” rating and set a price target of $72.00 on shares of Goosehead Insurance in a research report on Wednesday, March 1st. Royal Bank of Canada lowered its price target for shares of Goosehead Insurance from $75.00 to $66.00 and assigned an “outperform” rating to the stock in a report on Thursday, February 23rd. Finally, JPMorgan Chase & Co lowered its price target on shares of Goosehead Insurance from $50.00 to $45.00 and gave a “neutral” rating to the company in a research note on Thursday, February 23rd. Three equities research analysts have rated the stock which has a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Goosehead Insurance currently has an average rating of “Moderate Buy” and an average price target of $60.14.
Insider activity at Goosehead Insurance
In other Goosehead Insurance news, major shareholder and Robyn Jones Descendants Mark sold 19,190 shares of Goosehead Insurance stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $51.73, for a total value of $992,698.70. After completing the sale, the insiders now own 132,349 shares in the company, valued at approximately $6,846,413.77. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this link. And in related news, major shareholder Camille Peterson sold 11,225 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $44.23, for a total value of $496,481.75. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the Saudi Electricity Company’s website. Also, major shareholder and Robyn Jones Descendants Mark sold 19,190 shares of Goosehead Insurance stock in a transaction on Monday, March 6th. The shares were sold at an average price of $51.73, for a total value of $992,698.70. After completing the transaction, the insider now owns 132,349 shares in the company, valued at approximately $6,846,413.77. Disclosure of this sale can be found here. Over the past 90 days, insiders have sold 179,800 shares of the company’s stock for a value of $8,687,388. 48.35% of the shares are currently held by insiders.
Insurance price performance
Nasdaq: GSHD opened at $52.41 on Friday. The company has a market capitalization of $1.97 billion, a PE ratio of 2621.81, a P/E/G ratio of 2.65 and a beta of 1.20. The company has a 50-day simple moving average of $47.90 and a 200-day simple moving average of $41.04. Goosehead Insurance Inc. hit a one-year low of $29.23 and a one-year high of $71.04.
Goosehead Insurance (NASDAQ: GSHD – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The company reported earnings of $0.02 per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. Goosehead Insurance had a negative return on equity of 1.10% and a net margin of 0.27%. The company had revenue of $57.40 million for the quarter, compared to consensus estimates of $51.83 million. As a group, sell-side analysts expect Goosehead Insurance, Inc. to report 0.4 earnings per share for the current fiscal year.
About Goosehead Insurance Company
Goosehead Insurance Inc. is a holding company that provides independent lines of personal insurance. It operates through corporate channel and franchise channel. The Corporate Channel segment consists of operations that are owned and financed by the Company with employees hired, trained and managed by the Company.
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