Public Sector Pension Investment Board Sells 4,200 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Public Sector Pension Investment Board lowered its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 7.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,371 shares of the company's stock after selling 4,200 shares during the quarter. Public Sector Pension Investment Board owned about 0.14% of Goosehead Insurance worth $4,587,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GSHD. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Goosehead Insurance during the third quarter valued at approximately $29,000. GAMMA Investing LLC grew its stake in 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 last quarter. Blue Trust Inc. increased its position in Goosehead Insurance by 567.6% in the third quarter. Blue Trust Inc. now owns 474 shares of the company's stock worth $42,000 after buying an additional 403 shares during the period. Cullen Frost Bankers Inc. lifted its stake 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 buying an additional 210 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new position in shares of Goosehead Insurance during the third quarter worth about $60,000.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD traded down $2.63 on Monday, reaching $123.49. 198,124 shares of the company traded hands, compared to its average volume of 287,635. The company's 50 day moving average is $105.11 and its 200-day moving average is $83.59. The stock has a market capitalization of $4.58 billion, a PE ratio of 175.17, a P/E/G ratio of 4.86 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, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $78.04 million during the quarter, compared to analyst estimates of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business's quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. As a group, analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Patrick Ryan Langston sold 3,019 shares of the firm's stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $90.34, for a total transaction of $272,736.46. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at approximately $451,700. This trade represents a 37.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Miller sold 58,327 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 30,000 shares in the company, valued at approximately $3,306,600. This represents a 66.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,255 shares of company stock valued at $12,686,800. Company insiders own 48.35% of the company's stock.

Analyst Upgrades and Downgrades

GSHD has been the topic of several recent research reports. JMP Securities lifted their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a "market outperform" rating in a research report on Thursday, October 24th. Piper Sandler increased their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the stock an "overweight" rating in a report on Monday, October 28th. Royal Bank of Canada lifted their target price on Goosehead Insurance from $95.00 to $109.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Goosehead Insurance from $65.00 to $77.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Finally, TD Cowen upped their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Goosehead Insurance presently has a consensus rating of "Hold" and a consensus target price of $97.90.

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.