Thrivent Financial for Lutherans Has $2.11 Million Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Thrivent Financial for Lutherans boosted its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 13.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 23,665 shares of the company’s stock after purchasing an additional 2,714 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Goosehead Insurance were worth $2,114,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted 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 buying an additional 46,861 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Goosehead Insurance by 30.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company’s stock worth $2,017,000 after buying an additional 8,193 shares in the last quarter. Quarry LP lifted its holdings in Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after buying an additional 787 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Goosehead Insurance during the 2nd quarter worth $408,000. Finally, Marshall Wace LLP acquired a new position in Goosehead Insurance during the 2nd quarter worth $436,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GSHD. JMP Securities increased their price target on Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. UBS Group increased their price target on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada increased their price target on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets upped their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $97.90.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $126.50 on Thursday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 176.49, a PEG ratio of 4.85 and a beta of 1.32. The business has a 50-day moving average of $102.84 and a 200-day moving average of $82.20. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating 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 revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. As a group, sell-side analysts predict that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Insider Activity

In other Goosehead Insurance 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 sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the sale, the chief executive officer now directly owns 30,000 shares in the company, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,255 shares of company stock worth $12,686,800. Corporate insiders own 48.35% of the company’s stock.

Goosehead Insurance Company 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.