Public Sector Pension Investment Board Has $4.59 Million Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Public Sector Pension Investment Board reduced its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 7.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 51,371 shares of the company’s stock after selling 4,200 shares during the period. Public Sector Pension Investment Board’s holdings in Goosehead Insurance were worth $4,587,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GSHD. Whittier Trust Co. of Nevada Inc. acquired a new stake in Goosehead Insurance during the third quarter valued at approximately $29,000. GAMMA Investing LLC lifted its position in shares of Goosehead Insurance by 195.8% during the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after buying an additional 231 shares during the period. Blue Trust Inc. boosted its stake in Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after buying an additional 403 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in Goosehead Insurance by 49.4% in the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after acquiring an additional 210 shares during the period. Finally, Financial Management Professionals Inc. acquired a new position in Goosehead Insurance during the third quarter worth $60,000.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock opened at $126.12 on Monday. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a 50 day simple moving average of $105.11 and a 200 day simple moving average of $83.43. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The firm has a market cap of $4.68 billion, a P/E ratio of 175.17, a P/E/G ratio of 4.86 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share. Sell-side analysts predict that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on GSHD shares. JPMorgan Chase & Co. boosted their target price on shares of Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Truist Financial boosted their price target on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Piper Sandler raised their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. JMP Securities boosted their target price on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen raised their price target on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $97.90.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of the company’s 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 owns 30,000 shares in the company, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total value of $4,402,024.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,255 shares of company stock worth $12,686,800. Company insiders own 48.35% of the company’s stock.

About Goosehead Insurance

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.