State of New Jersey Common Pension Fund D Invests $2.13 Million in Goosehead Insurance, Inc (NASDAQ:GSHD)

State of New Jersey Common Pension Fund D purchased a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,899 shares of the company's stock, valued at approximately $2,134,000. State of New Jersey Common Pension Fund D owned 0.06% of Goosehead Insurance at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GSHD. Jacobson & Schmitt Advisors LLC boosted its holdings in shares of Goosehead Insurance by 10.6% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 141,642 shares of the company's stock worth $12,649,000 after purchasing an additional 13,594 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Goosehead Insurance in the 3rd quarter worth $60,000. International Assets Investment Management LLC increased its position in shares of Goosehead Insurance by 7,593.8% in the third quarter. International Assets Investment Management LLC now owns 10,002 shares of the company's stock valued at $8,930,000 after acquiring an additional 9,872 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Goosehead Insurance during the third quarter valued at about $29,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of Goosehead Insurance during the third quarter worth about $274,000.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston sold 4,814 shares of the company's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $90.26, for a total value of $434,511.64. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at $451,300. This represents a 49.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction on Thursday, November 7th. The shares were 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 in the company, valued at $3,306,600. This trade represents a 66.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,961 shares of company stock worth $15,592,994 in the last three months. 48.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GSHD shares. UBS Group lifted their target price on shares of Goosehead Insurance from $92.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Truist Financial upped their target price on Goosehead Insurance from $65.00 to $80.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $84.00 target price (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price target on Goosehead Insurance from $65.00 to $77.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Finally, Royal Bank of Canada increased their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Goosehead Insurance currently has an average rating of "Hold" and a consensus price target of $91.30.

Goosehead Insurance Stock Down 0.2 %

NASDAQ:GSHD traded down $0.23 on Friday, reaching $118.96. 83,645 shares of the stock traded hands, compared to its average volume of 291,367. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $124.00. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 165.54, a PEG ratio of 4.66 and a beta of 1.32. The company's fifty day simple moving average is $96.92 and its 200 day simple moving average is $78.38. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The firm 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 revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. Equities analysts predict that Goosehead Insurance, Inc will post 0.84 EPS for the current fiscal 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.