SG Americas Securities LLC Takes $468,000 Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

SG Americas Securities LLC acquired a new position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,242 shares of the company's stock, valued at approximately $468,000.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in Goosehead Insurance by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company's stock worth $160,962,000 after acquiring an additional 46,861 shares in the last quarter. Sei Investments Co. raised its stake in shares of Goosehead Insurance by 16.4% during the first quarter. Sei Investments Co. now owns 123,967 shares of the company's stock valued at $8,259,000 after purchasing an additional 17,443 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Goosehead Insurance by 30.4% during the second quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company's stock worth $2,017,000 after purchasing an additional 8,193 shares in the last quarter. Quarry LP lifted its position in shares of Goosehead Insurance by 2,810.7% during the second quarter. Quarry LP now owns 815 shares of the company's stock worth $47,000 after purchasing an additional 787 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in shares of Goosehead Insurance in the second quarter valued at $408,000.

Insider Buying and Selling at Goosehead Insurance

In other news, Chairman Mark Evan Jones sold 8,977 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $82.33, for a total transaction of $739,076.41. Following the sale, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,248,000.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Mark Evan Jones sold 8,977 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $82.33, for a total transaction of $739,076.41. Following the completion of the transaction, the chairman now owns 39,451 shares in the company, valued at approximately $3,248,000.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Ryan Langston sold 10,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $95.35, for a total transaction of $953,500.00. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at approximately $476,750. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,798 shares of company stock worth $6,310,613 over the last ninety days. Company insiders own 48.35% of the company's stock.

Analysts Set New Price Targets

GSHD has been the topic of several analyst reports. Piper Sandler lifted their price target on shares of Goosehead Insurance from $72.00 to $94.00 and gave the stock an "overweight" rating in a research note on Monday. 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. TD Cowen lowered Goosehead Insurance from a "buy" rating to a "hold" rating and lowered their price objective for the company from $98.00 to $94.00 in a research note on Thursday, August 15th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $84.00 price objective (down from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $80.00 target price on shares of Goosehead Insurance in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Goosehead Insurance has a consensus rating of "Hold" and a consensus target price of $84.10.

Goosehead Insurance Stock Performance

Shares of GSHD stock traded down $1.88 on Thursday, hitting $97.52. 256,441 shares of the stock traded hands, compared to its average volume of 293,094. The company has a market capitalization of $3.70 billion, a PE ratio of 157.29, a PEG ratio of 4.72 and a beta of 1.35. The company's fifty day moving average is $87.10 and its 200 day moving average is $71.55. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $100.15.

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, topping analysts' consensus estimates of $0.39 by $0.04. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The company had revenue of $78.10 million for the quarter, compared to the consensus estimate of $74.31 million. During the same period last year, the firm posted $0.25 EPS. The company's revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities research analysts predict that Goosehead Insurance, Inc will post 0.76 earnings per share for the current fiscal 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.