Marshall Wace LLP Acquires New Shares in Goosehead Insurance, Inc (NASDAQ:GSHD)

Marshall Wace LLP bought a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,588 shares of the company's stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GSHD. G2 Investment Partners Management LLC acquired a new position in Goosehead Insurance during the 4th quarter valued at approximately $2,284,000. Goldman Sachs Group Inc. increased its holdings in shares of Goosehead Insurance by 14.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 294,977 shares of the company's stock worth $22,359,000 after acquiring an additional 37,805 shares during the period. Vanguard Group Inc. increased its holdings in shares of Goosehead Insurance by 1.6% in the 4th 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 during the period. PNC Financial Services Group Inc. lifted its position in Goosehead Insurance by 13.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company's stock valued at $106,000 after purchasing an additional 165 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in Goosehead Insurance by 20.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company's stock valued at $107,000 after purchasing an additional 277 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GSHD shares. Truist Financial lifted their price target on Goosehead Insurance from $65.00 to $80.00 and gave the company a "hold" rating in a report on Friday, October 4th. TD Cowen cut Goosehead Insurance from a "buy" rating to a "hold" rating and decreased their price target for the stock from $98.00 to $94.00 in a research note on Thursday, August 15th. JPMorgan Chase & Co. lifted their price objective 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 reaffirmed an "outperform" rating and issued a $80.00 price objective on shares of Goosehead Insurance in a report on Thursday, July 25th. Finally, UBS Group boosted their price target on shares of Goosehead Insurance from $92.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Goosehead Insurance currently has a consensus rating of "Hold" and a consensus price target of $81.90.

Goosehead Insurance Price Performance

Shares of GSHD traded down $0.09 during mid-day trading on Friday, hitting $90.48. The company's stock had a trading volume of 310,409 shares, compared to its average volume of 292,757. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. The firm has a 50-day moving average price of $86.14 and a 200 day moving average price of $70.67. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $94.90. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 127.44, a PEG ratio of 4.72 and a beta of 1.35.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly 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 company had revenue of $78.10 million for the quarter, compared to analysts' expectations of $74.31 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The firm's revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. On average, research analysts predict that Goosehead Insurance, Inc will post 0.76 EPS for the current fiscal year.

Insider Transactions at Goosehead Insurance

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 value of $272,736.46. Following the completion of the transaction, the insider now owns 5,000 shares of the company's stock, valued at approximately $451,700. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Goosehead Insurance news, Chairman Mark Evan Jones sold 8,977 shares of Goosehead Insurance stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $82.33, for a total transaction of $739,076.41. Following the transaction, the chairman now owns 39,451 shares of the company's stock, valued at $3,248,000.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Patrick Ryan Langston sold 3,019 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was 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 of the company's stock, valued at $451,700. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,798 shares of company stock valued at $5,357,113 over the last ninety days. Corporate insiders own 48.35% of the company's stock.

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.