Amalgamated Bank Sells 547 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Amalgamated Bank lowered its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 7.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,960 shares of the company’s stock after selling 547 shares during the period. Amalgamated Bank’s holdings in Goosehead Insurance were worth $622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. bought a new position in Goosehead Insurance during the 3rd quarter valued at about $29,000. GAMMA Investing LLC lifted its stake in shares of Goosehead Insurance by 195.8% in the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after purchasing an additional 231 shares during the period. Blue Trust Inc. lifted its stake in shares of Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after purchasing an additional 403 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of Goosehead Insurance by 49.4% in the 2nd 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 period. Finally, Financial Management Professionals Inc. bought a new position in shares of Goosehead Insurance in the 3rd quarter worth approximately $60,000.

Insider Activity

In other Goosehead Insurance news, Chairman Mark Evan Jones sold 11,699 shares of Goosehead Insurance stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $85.75, for a total value of $1,003,189.25. Following the transaction, the chairman now owns 39,451 shares in the company, valued at $3,382,923.25. The trade was a 22.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Patrick Ryan Langston sold 4,814 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $90.26, for a total value of $434,511.64. Following the sale, the insider now owns 5,000 shares in the company, valued at $451,300. The trade was a 49.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 156,961 shares of company stock worth $15,592,994. Company insiders own 48.35% of the company’s stock.

Wall Street Analysts Forecast Growth

GSHD has been the topic of several recent research reports. JMP Securities increased their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $84.00 price objective (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. Royal Bank of Canada increased their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets lowered shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 target price for the company. in a report on Thursday, August 22nd. Finally, UBS Group increased their target price on shares of Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $91.30.

Goosehead Insurance Trading Down 0.1 %

GSHD stock opened at $119.08 on Friday. The firm has a fifty day moving average price of $97.59 and a 200 day moving average price of $78.82. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $124.00. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $4.42 billion, a PE ratio of 165.39, a price-to-earnings-growth ratio of 4.66 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same period last year, the company earned $0.28 earnings per share. Goosehead Insurance’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share 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.