Goosehead Insurance, Inc (NASDAQ:GSHD) Position Lessened by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 14.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,298 shares of the company’s stock after selling 3,100 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Goosehead Insurance were worth $1,051,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Goosehead Insurance by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 190,550 shares of the company’s stock valued at $14,444,000 after buying an additional 7,502 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Goosehead Insurance in the fourth quarter valued at approximately $419,000. Jump Financial LLC bought a new stake in Goosehead Insurance in the fourth quarter worth approximately $459,000. Dimensional Fund Advisors LP increased its stake in shares of Goosehead Insurance by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 308,090 shares of the company’s stock worth $23,354,000 after purchasing an additional 30,626 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Goosehead Insurance by 2.8% during the 4th quarter. Wells Fargo & Company MN now owns 144,353 shares of the company’s stock valued at $10,942,000 after purchasing an additional 3,864 shares in the last quarter.

Insider Activity at Goosehead Insurance

In related news, Chairman Mark Evan Jones sold 8,977 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $82.33, for a total transaction of $739,076.41. Following the transaction, the chairman now directly owns 39,451 shares in the company, valued at $3,248,000.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Patrick Ryan Langston sold 7,674 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 5,000 shares in the company, valued at $425,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark Evan Jones sold 8,977 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $82.33, for a total value of $739,076.41. Following the completion of the transaction, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,248,000.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,798 shares of company stock worth $4,454,640. Company insiders own 48.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GSHD. TD Cowen cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. JPMorgan Chase & Co. upped their price target on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Piper Sandler raised their price objective on Goosehead Insurance from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Bank of America upped their target price on Goosehead Insurance from $35.00 to $37.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price target on shares of Goosehead Insurance in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and an average target price of $80.40.

Goosehead Insurance Stock Down 0.4 %

GSHD opened at $88.70 on Friday. The business has a 50 day moving average of $81.45 and a 200-day moving average of $69.14. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 143.06, a P/E/G ratio of 4.28 and a beta of 1.36. 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, Inc has a 1-year low of $50.47 and a 1-year high of $92.76.

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