Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Acquired by Select Equity Group L.P.

Select Equity Group L.P. increased its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 124.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,365 shares of the company’s stock after acquiring an additional 3,535 shares during the quarter. Select Equity Group L.P.’s holdings in Goosehead Insurance were worth $682,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sageworth Trust Co purchased a new position in Goosehead Insurance during the first quarter worth about $49,000. Great West Life Assurance Co. Can increased its holdings in Goosehead Insurance by 24.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,060 shares of the company’s stock worth $113,000 after purchasing an additional 207 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Goosehead Insurance by 480.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,225 shares of the company’s stock valued at $153,000 after buying an additional 1,014 shares during the period. FDx Advisors Inc. purchased a new position in shares of Goosehead Insurance in the 1st quarter valued at about $211,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Goosehead Insurance during the first quarter worth about $212,000. Hedge funds and other institutional investors own 47.47% of the company’s stock.

In other news, major shareholder Robyn Mary Elizabeth Jones sold 26,398 shares of the firm’s stock in a transaction on Wednesday, May 19th. The stock was sold at an average price of $81.95, for a total value of $2,163,316.10. Following the completion of the transaction, the insider now owns 370,177 shares in the company, valued at $30,336,005.15. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael Patrick Moxley sold 2,000 shares of Goosehead Insurance stock in a transaction on Tuesday, May 18th. The stock was sold at an average price of $85.96, for a total value of $171,920.00. Following the transaction, the vice president now directly owns 59,871 shares of the company’s stock, valued at approximately $5,146,511.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 636,202 shares of company stock valued at $61,165,402. Insiders own 51.97% of the company’s stock.

GSHD has been the subject of several analyst reports. JPMorgan Chase & Co. cut shares of Goosehead Insurance from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $100.00 to $135.00 in a report on Thursday, July 1st. Keefe, Bruyette & Woods raised shares of Goosehead Insurance from a “market perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Thursday, April 15th. Piper Sandler began coverage on shares of Goosehead Insurance in a research note on Friday, June 25th. They issued an “overweight” rating and a $145.00 price objective for the company. Finally, Zacks Investment Research downgraded Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday, June 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $139.33.

Shares of Goosehead Insurance stock traded up $2.15 during trading hours on Thursday, hitting $124.65. 204,806 shares of the company were exchanged, compared to its average volume of 256,566. The firm has a 50-day simple moving average of $105.92. Goosehead Insurance, Inc has a 1 year low of $76.75 and a 1 year high of $174.79. The firm has a market capitalization of $4.58 billion, a PE ratio of 259.69, a price-to-earnings-growth ratio of 4.68 and a beta of 0.54.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Thursday, April 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). Goosehead Insurance had a negative return on equity of 25.50% and a net margin of 7.05%. The company had revenue of $31.23 million for the quarter, compared to analysts’ expectations of $28.78 million. On average, research analysts forecast that Goosehead Insurance, Inc will post 0.51 EPS for the current fiscal year.

Goosehead Insurance Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It 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.

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Institutional Ownership by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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