Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Purchased by State Street Corp

State Street Corp boosted its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 21.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,059,298 shares of the company's stock after purchasing an additional 185,037 shares during the period. State Street Corp owned about 2.85% of Goosehead Insurance worth $94,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in GSHD. Daiwa Securities Group Inc. lifted its stake in shares of Goosehead Insurance by 30.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company's stock valued at $2,017,000 after purchasing an additional 8,193 shares during the period. Quarry LP boosted its stake in shares of Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company's stock worth $47,000 after acquiring an additional 787 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Goosehead Insurance during the second quarter worth approximately $408,000. BNP Paribas Financial Markets grew its holdings in Goosehead Insurance by 135.1% in the third quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company's stock valued at $1,982,000 after purchasing an additional 12,759 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Goosehead Insurance in the second quarter valued at approximately $436,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GSHD. Royal Bank of Canada lifted their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. JMP Securities boosted their price target on Goosehead Insurance from $100.00 to $115.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 24th. TD Cowen lifted 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. BMO Capital Markets increased their target price on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Finally, Piper Sandler boosted their price target on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. 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 MarketBeat, Goosehead Insurance presently has an average rating of "Hold" and an average price target of $97.90.

Goosehead Insurance Trading Down 0.5 %

GSHD traded down $0.52 during trading hours on Tuesday, reaching $114.42. The company's stock had a trading volume of 183,300 shares, compared to its average volume of 282,815. The business's 50-day moving average is $112.01 and its 200-day moving average is $87.97. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $4.25 billion, a PE ratio of 158.92, a P/E/G ratio of 4.51 and a beta of 1.38. 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 posted its earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company had revenue of $78.04 million for the quarter, compared to analysts' expectations of $80.54 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. Goosehead Insurance's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities research analysts predict that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 4,814 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $90.26, for a total value of $434,511.64. Following the sale, the insider now directly owns 5,000 shares of the company's stock, valued at approximately $451,300. This represents a 49.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark Miller sold 58,327 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the sale, the chief executive officer now owns 30,000 shares in the company, valued at $3,306,600. The trade was a 66.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,255 shares of company stock worth $12,686,800 over the last ninety days. Company insiders own 48.35% of the company's stock.

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.