Mutual of America Capital Management LLC Sells 2,148 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Mutual of America Capital Management LLC decreased its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,332 shares of the company’s stock after selling 2,148 shares during the period. Mutual of America Capital Management LLC owned 0.14% of Goosehead Insurance worth $3,006,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GSHD. Benjamin F. Edwards & Company Inc. purchased a new position in Goosehead Insurance in the first quarter valued at approximately $35,000. Cullen Frost Bankers Inc. grew its stake in shares of Goosehead Insurance by 49.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after acquiring an additional 210 shares during the period. RiverPark Advisors LLC purchased a new stake in Goosehead Insurance in the 1st quarter worth about $104,000. PNC Financial Services Group Inc. raised its stake in Goosehead Insurance by 13.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after acquiring an additional 165 shares during the period. Finally, Harbor Investment Advisory LLC lifted its holdings in Goosehead Insurance by 20.8% during the first quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock valued at $107,000 after purchasing an additional 277 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GSHD shares. Piper Sandler boosted their price target on shares of Goosehead Insurance from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Truist Financial upped their target price 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. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $84.00 price target (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. Bank of America raised their price objective on Goosehead Insurance from $35.00 to $37.00 and gave the company an “underperform” rating in a report on Tuesday, June 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Goosehead Insurance in a research note on Thursday, July 25th. One equities 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 $80.40.

Insiders Place Their Bets

In related news, Chairman Mark Evan Jones sold 10,418 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $85.88, for a total transaction of $894,697.84. Following the transaction, the chairman now owns 39,451 shares in the company, valued at $3,388,051.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Mark Evan Jones sold 10,418 shares of Goosehead Insurance stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $85.88, for a total transaction of $894,697.84. Following the completion of the transaction, the chairman now directly owns 39,451 shares of the company’s stock, valued at approximately $3,388,051.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at $425,950. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,798 shares of company stock worth $4,454,640. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock opened at $88.06 on Tuesday. The company’s fifty day simple moving average is $82.51 and its two-hundred day simple moving average is $69.16. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $92.76. The firm has a market cap of $3.35 billion, a PE ratio of 142.03, a price-to-earnings-growth ratio of 4.28 and a beta of 1.35. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $78.10 million for the quarter, compared to analyst estimates of $74.31 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. As a group, equities analysts expect that Goosehead Insurance, Inc will post 0.75 EPS for the current 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.