Los Angeles Capital Management LLC Invests $780,000 in Goosehead Insurance, Inc (NASDAQ:GSHD)

Los Angeles Capital Management LLC purchased a new position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,732 shares of the company's stock, valued at approximately $780,000.

Other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new position in Goosehead Insurance in the third quarter worth about $29,000. GAMMA Investing LLC raised its stake 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 acquiring an additional 231 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Goosehead Insurance by 49.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company's stock worth $36,000 after acquiring an additional 210 shares in the last quarter. Blue Trust Inc. lifted its position in Goosehead Insurance by 567.6% during the third quarter. Blue Trust Inc. now owns 474 shares of the company's stock valued at $42,000 after acquiring an additional 403 shares during the last quarter. Finally, Quarry LP boosted its stake in Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company's stock valued at $47,000 after acquiring an additional 787 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GSHD shares. UBS Group raised their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. JMP Securities lifted their target price on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price target 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. Royal Bank of Canada lifted their price objective on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, TD Cowen downgraded Goosehead Insurance from a "buy" rating to a "hold" rating and cut their target price for the company from $98.00 to $94.00 in a research report on Thursday, August 15th. One equities 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $91.30.

Insider Activity at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston sold 2,167 shares of the business's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $90.09, for a total transaction of $195,225.03. Following the completion of the sale, the insider now owns 5,000 shares of the company's stock, valued at $450,450. The trade was a 30.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark Evan Jones sold 11,699 shares of the firm's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $85.75, for a total transaction of $1,003,189.25. Following the completion of the transaction, the chairman now directly owns 39,451 shares in the company, valued at $3,382,923.25. This represents a 22.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,961 shares of company stock worth $15,592,994 in the last 90 days. Corporate insiders own 48.35% of the company's stock.

Goosehead Insurance Stock Performance

Goosehead Insurance stock traded down $0.11 during midday trading on Friday, hitting $119.08. 166,569 shares of the company were exchanged, compared to its average volume of 291,755. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $124.00. The business has a fifty day simple moving average of $97.59 and a two-hundred day simple moving average of $78.82. The firm has a market capitalization of $4.42 billion, a PE ratio of 165.39, a price-to-earnings-growth ratio of 4.66 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The firm had revenue of $78.04 million for 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%. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. On average, sell-side analysts forecast that Goosehead Insurance, Inc will post 0.84 earnings per share for the current year.

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.