Wesbanco Bank Inc. Sells 4,658 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Wesbanco Bank Inc. decreased its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 32.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,800 shares of the company’s stock after selling 4,658 shares during the quarter. Wesbanco Bank Inc.’s holdings in Goosehead Insurance were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GSHD. Goldman Sachs Group Inc. boosted its position in shares of Goosehead Insurance by 14.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 294,977 shares of the company’s stock worth $22,359,000 after purchasing an additional 37,805 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Goosehead Insurance by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company’s stock worth $179,589,000 after acquiring an additional 36,676 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Goosehead Insurance by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after acquiring an additional 165 shares during the period. Harbor Investment Advisory LLC increased its holdings in shares of Goosehead Insurance by 20.8% in the first quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after acquiring an additional 277 shares in the last quarter. Finally, Wasatch Advisors LP raised its position in shares of Goosehead Insurance by 17.2% during the first quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock worth $140,025,000 after purchasing an additional 308,312 shares during the period.

Analyst Ratings Changes

Several equities analysts recently issued reports on GSHD shares. TD Cowen lowered Goosehead Insurance from a “buy” rating to a “hold” rating and decreased their price objective for the company from $98.00 to $94.00 in a research report on Thursday, August 15th. BMO Capital Markets lowered shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective on the stock. in a report on Thursday, August 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $100.00 target price on shares of Goosehead Insurance in a research note on Tuesday. UBS Group lifted 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. Finally, Truist Financial upped their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus target price of $84.10.

Insider Buying and Selling at Goosehead Insurance

In other news, Chairman Mark Evan Jones sold 10,418 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $85.88, for a total value of $894,697.84. Following the transaction, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,388,051.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $425,950. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Mark Evan Jones sold 10,418 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $85.88, for a total transaction of $894,697.84. Following the completion of the sale, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,388,051.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,798 shares of company stock valued at $5,357,113 in the last quarter. 48.35% of the stock is currently owned by insiders.

Goosehead Insurance Price Performance

Shares of GSHD opened at $95.97 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31. The company’s fifty day simple moving average is $86.54 and its 200 day simple moving average is $71.17. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $96.76. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 154.79, a PEG ratio of 4.72 and a beta of 1.35.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. The business had revenue of $78.10 million during the quarter, compared to the consensus estimate of $74.31 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. Goosehead Insurance’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. On average, research analysts forecast that Goosehead Insurance, Inc will post 0.76 earnings per share for the current fiscal year.

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.