Intech Investment Management LLC Buys Shares of 6,643 Goosehead Insurance, Inc (NASDAQ:GSHD)

Intech Investment Management LLC purchased a new position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,643 shares of the company's stock, valued at approximately $593,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in Goosehead Insurance during the third quarter valued at $29,000. GAMMA Investing LLC raised its position in shares of Goosehead Insurance by 195.8% in the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company's stock worth $31,000 after purchasing an additional 231 shares during the last quarter. Blue Trust Inc. raised its position in shares of Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company's stock worth $42,000 after purchasing an additional 403 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in Goosehead Insurance by 49.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company's stock worth $36,000 after purchasing an additional 210 shares in the last quarter. Finally, Financial Management Professionals Inc. purchased a new stake in Goosehead Insurance during the 3rd quarter valued at about $60,000.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. 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 report on Thursday, October 24th. BMO Capital Markets upped their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on 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 Goosehead Insurance from $65.00 to $80.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. Finally, Piper Sandler increased their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the company an "overweight" rating in a research report on Monday, October 28th. One equities research 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, the stock presently has a consensus rating of "Hold" and an average target price of $97.90.

Insider Activity

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of the firm'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 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 $3,306,600. This trade represents a 66.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction that occurred 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. Insiders have sold a total of 122,255 shares of company stock worth $12,686,800 over the last quarter. Insiders own 48.35% of the company's stock.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock traded down $0.38 on Friday, hitting $126.12. 119,101 shares of the company's stock were exchanged, compared to its average volume of 234,160. The company 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 1 year low of $50.47 and a 1 year high of $130.39. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $4.68 billion, a PE ratio of 175.17, a PEG ratio of 4.86 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate 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 company's revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. As a group, equities analysts anticipate 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.