JPMorgan Chase & Co. Has $1.74 Million Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

JPMorgan Chase & Co. cut its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,494 shares of the company’s stock after selling 1,116 shares during the period. JPMorgan Chase & Co. owned about 0.05% of Goosehead Insurance worth $1,741,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Goosehead Insurance during the third quarter worth $29,000. GAMMA Investing LLC lifted its position in Goosehead Insurance by 195.8% during the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after buying an additional 231 shares in the last quarter. Blue Trust Inc. lifted its position in Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after buying an additional 403 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Goosehead Insurance during the 3rd quarter worth about $60,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Goosehead Insurance during the 3rd quarter worth about $63,000.

Insider Activity at Goosehead Insurance

In related news, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $110.22, for a total value of $6,428,801.94. Following the transaction, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 38.03% of the stock is owned by insiders.

Goosehead Insurance Trading Down 2.9 %

GSHD opened at $103.25 on Thursday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock has a market cap of $3.83 billion, a PE ratio of 143.40, a price-to-earnings-growth ratio of 4.52 and a beta of 1.41. The company has a fifty day moving average of $113.47 and a 200-day moving average of $96.79. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $78.04 million for the quarter, compared to analyst estimates of $80.54 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts predict that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Goosehead Insurance Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be paid a dividend of $5.91 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This is an increase from Goosehead Insurance’s previous dividend of $1.63.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Royal Bank of Canada boosted their price objective on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Piper Sandler boosted their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. boosted their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Finally, JMP Securities boosted 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $99.20.

About Goosehead Insurance

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.