SG Americas Securities LLC Purchases 46,420 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

SG Americas Securities LLC grew its stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 885.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,662 shares of the company's stock after buying an additional 46,420 shares during the period. SG Americas Securities LLC owned 0.14% of Goosehead Insurance worth $5,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its holdings in Goosehead Insurance by 12.6% in the second quarter. Envestnet Asset Management Inc. now owns 126,906 shares of the company's stock valued at $7,289,000 after buying an additional 14,195 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Goosehead Insurance by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company's stock valued at $22,580,000 after purchasing an additional 51,023 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Goosehead Insurance by 148.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,290 shares of the company's stock valued at $74,000 after purchasing an additional 770 shares during the period. Sei Investments Co. boosted its position in shares of Goosehead Insurance by 32.4% during the 2nd quarter. Sei Investments Co. now owns 164,074 shares of the company's stock valued at $9,424,000 after purchasing an additional 40,107 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in Goosehead Insurance by 10.9% during the second quarter. Public Sector Pension Investment Board now owns 55,571 shares of the company's stock worth $3,192,000 after purchasing an additional 5,448 shares during the period.

Goosehead Insurance Stock Down 1.0 %

GSHD stock traded down $0.98 during mid-day trading on Friday, reaching $100.87. 236,262 shares of the company traded hands, compared to its average volume of 203,414. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm's 50 day moving average price is $112.76 and its 200 day moving average price is $97.14. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 140.10, a P/E/G ratio of 4.23 and a beta of 1.41. 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 announced its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $78.04 million for the quarter, compared to analysts' expectations of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. Goosehead Insurance's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. As a group, equities research analysts predict that Goosehead Insurance, Inc will post 0.84 EPS for the current fiscal year.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be issued a dividend of $5.91 per share. This is an increase from Goosehead Insurance's previous dividend of $1.63. The ex-dividend date is Tuesday, January 21st.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. TD Cowen increased their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a research note on Wednesday, November 20th. JMP Securities raised their price target 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. Truist Financial upped their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a "hold" rating in a report on Friday, October 4th. Finally, Royal Bank of Canada raised 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. One research 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $99.20.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the transaction, the chief executive officer now owns 30,000 shares of the company's stock, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 48.35% of the company's stock.

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.