Marshall Wace LLP Acquires New Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Marshall Wace LLP acquired a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,588 shares of the company’s stock, valued at approximately $436,000.

Several other hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its stake in Goosehead Insurance by 13.4% during 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. Cullen Frost Bankers Inc. boosted its holdings in Goosehead Insurance by 49.4% in the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after purchasing an additional 210 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Goosehead Insurance by 20.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after purchasing an additional 277 shares during the period. Texas Permanent School Fund Corp raised its stake in Goosehead Insurance by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 21,398 shares of the company’s stock valued at $1,426,000 after buying an additional 279 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Goosehead Insurance by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 4,409 shares of the company’s stock valued at $294,000 after buying an additional 299 shares during the period.

Goosehead Insurance Trading Up 0.1 %

Shares of Goosehead Insurance stock opened at $90.57 on Friday. The firm’s 50 day simple moving average is $86.09 and its two-hundred day simple moving average is $70.53. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 146.08, a PEG ratio of 4.60 and a beta of 1.35. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $94.60. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The business 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 period in the previous year, the business posted $0.25 EPS. Analysts predict that Goosehead Insurance, Inc will post 0.76 EPS for the current year.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 3,019 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $90.34, for a total value of $272,736.46. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at $451,700. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 3,019 shares of Goosehead Insurance stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $90.34, for a total transaction of $272,736.46. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at $451,700. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark Evan Jones sold 11,699 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $85.75, for a total value of $1,003,189.25. Following the completion of the sale, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,382,923.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,798 shares of company stock valued at $5,357,113 in the last ninety days. 48.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GSHD has been the subject of a number of recent research reports. BMO Capital Markets downgraded Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target for the company. in a research note on Thursday, August 22nd. TD Cowen cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating and reduced their target price for the company from $98.00 to $94.00 in a report on Thursday, August 15th. 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 note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Truist Financial raised 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. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $81.90.

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.