Portside Wealth Group LLC Sells 635 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Portside Wealth Group LLC lowered its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,758 shares of the company’s stock after selling 635 shares during the period. Portside Wealth Group LLC’s holdings in Goosehead Insurance were worth $782,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. BNP Paribas Financial Markets grew its position in Goosehead Insurance by 9.6% during the 1st quarter. BNP Paribas Financial Markets now owns 19,282 shares of the company’s stock valued at $1,285,000 after purchasing an additional 1,682 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Goosehead Insurance by 31.4% in the first quarter. Janney Montgomery Scott LLC now owns 4,428 shares of the company’s stock worth $295,000 after buying an additional 1,058 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Goosehead Insurance by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 21,398 shares of the company’s stock valued at $1,426,000 after buying an additional 279 shares during the last quarter. Swiss National Bank increased its position in shares of Goosehead Insurance by 2.4% during the first quarter. Swiss National Bank now owns 43,400 shares of the company’s stock valued at $2,891,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Goosehead Insurance by 16.4% in the 1st quarter. Sei Investments Co. now owns 123,967 shares of the company’s stock worth $8,259,000 after acquiring an additional 17,443 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group lifted their target price on Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets downgraded shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a report on Thursday, August 22nd. Truist Financial boosted their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $84.00 target price (down previously from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $91.30.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of the stock in a transaction on 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 directly owns 5,000 shares of the company’s stock, valued at $425,950. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Patrick Ryan Langston sold 7,674 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at approximately $425,950. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at approximately $3,306,600. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 175,053 shares of company stock valued at $17,141,440 over the last 90 days. 38.03% of the stock is currently owned by corporate insiders.

Goosehead Insurance Trading Up 1.8 %

NASDAQ:GSHD opened at $113.00 on Friday. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $115.00. The business has a fifty day moving average price of $94.24 and a 200-day moving average price of $76.66. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 156.95, a price-to-earnings-growth ratio of 4.10 and a beta of 1.32. 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 (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts forecast that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Goosehead Insurance 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.