Goosehead Insurance, Inc (NASDAQ:GSHD) Stock Position Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 13.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,665 shares of the company’s stock after acquiring an additional 2,714 shares during the quarter. Thrivent Financial for Lutherans owned 0.06% of Goosehead Insurance worth $2,114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Goosehead Insurance in the third quarter worth $29,000. GAMMA Investing LLC boosted its position in shares of Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after buying an additional 231 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of 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 buying an additional 210 shares during the period. Blue Trust Inc. boosted its position in shares of Goosehead Insurance by 567.6% in the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after buying an additional 403 shares during the period. Finally, Quarry LP raised its holdings in shares of Goosehead Insurance by 2,810.7% during the second 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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GSHD shares. BMO Capital Markets increased their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Truist Financial raised their target price on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. UBS Group raised their target price on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Piper Sandler raised their target price on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada raised their target price on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $97.90.

Insider Activity

In other news, CEO Mark Miller sold 58,327 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the sale, the chief executive officer now directly owns 30,000 shares in the company, valued at approximately $3,306,600. This represents a 66.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $90.09, for a total value of $195,225.03. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at approximately $450,450. This represents a 30.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 122,255 shares of company stock worth $12,686,800. Company insiders own 48.35% of the company’s stock.

Goosehead Insurance Trading Down 2.5 %

Shares of NASDAQ:GSHD opened at $126.50 on Thursday. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. 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 company has a market cap of $4.69 billion, a P/E ratio of 176.49, a P/E/G ratio of 4.85 and a beta of 1.32. The stock’s 50-day moving average is $102.84 and its 200-day moving average is $82.20.

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, beating the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm had revenue of $78.04 million for the quarter, compared to analyst estimates of $80.54 million. During the same period in the previous year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts predict that Goosehead Insurance, Inc will post 0.84 earnings per share 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.