Victory Capital Management Inc. Buys 890 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Victory Capital Management Inc. grew its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,184 shares of the company’s stock after acquiring an additional 890 shares during the period. Victory Capital Management Inc.’s holdings in Goosehead Insurance were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of Goosehead Insurance by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after acquiring an additional 165 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Goosehead Insurance by 20.8% in the first quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after acquiring an additional 277 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in shares of Goosehead Insurance by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 21,398 shares of the company’s stock worth $1,426,000 after acquiring an additional 279 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Goosehead Insurance by 7.3% in the first quarter. ProShare Advisors LLC now owns 4,409 shares of the company’s stock worth $294,000 after acquiring an additional 299 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Goosehead Insurance by 1.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 27,315 shares of the company’s stock worth $1,818,000 after buying an additional 439 shares during the period.

Goosehead Insurance Stock Down 0.4 %

Shares of NASDAQ GSHD opened at $88.70 on Monday. The stock has a market cap of $3.37 billion, a P/E ratio of 143.06, a P/E/G ratio of 4.28 and a beta of 1.35. The firm has a 50 day moving average price of $82.00 and a 200 day moving average price of $69.11. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.14 and a current ratio of 1.13. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. The company had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $74.31 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. Analysts expect that Goosehead Insurance, Inc will post 0.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. TD Cowen cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating and lowered their price target for the stock from $98.00 to $94.00 in a research report on Thursday, August 15th. BMO Capital Markets cut shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target for the company. in a research report on Thursday, August 22nd. UBS Group lifted 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. Piper Sandler lifted their price target on shares of Goosehead Insurance from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Truist Financial lifted their price target on shares of Goosehead Insurance from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $80.40.

Insider Activity

In other news, Chairman Mark Evan Jones sold 8,977 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $82.33, for a total value of $739,076.41. Following the completion of the transaction, the chairman now owns 39,451 shares in the company, valued at $3,248,000.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Mark Evan Jones sold 8,977 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $82.33, for a total value of $739,076.41. Following the completion of the transaction, the chairman now owns 39,451 shares in the company, valued at $3,248,000.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $85.19, for a total transaction of $653,748.06. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at approximately $425,950. The disclosure for this sale can be found here. Insiders sold 52,798 shares of company stock worth $4,454,640 over the last quarter. 48.35% of the stock is currently owned by company insiders.

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.