Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Acquired by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 34.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,428,907 shares of the company’s stock after acquiring an additional 879,959 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 9.03% of Goosehead Insurance worth $196,956,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Goosehead Insurance by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock valued at $160,962,000 after acquiring an additional 46,861 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Goosehead Insurance by 16.4% in the 1st quarter. Sei Investments Co. now owns 123,967 shares of the company’s stock valued at $8,259,000 after purchasing an additional 17,443 shares during the last quarter. Evoke Wealth LLC acquired a new stake in shares of Goosehead Insurance in the 4th quarter valued at about $1,254,000. Capital International Investors grew its stake in Goosehead Insurance by 19.7% during the 4th quarter. Capital International Investors now owns 263,952 shares of the company’s stock worth $20,008,000 after buying an additional 43,520 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Goosehead Insurance by 30.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company’s stock worth $2,017,000 after buying an additional 8,193 shares during the last quarter.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $88.70 on Friday. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 143.06, a PEG ratio of 4.28 and a beta of 1.36. The business’s 50 day moving average is $82.00 and its two-hundred day moving average is $69.24. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $92.76. 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 released its earnings results on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The company had revenue of $78.10 million during the quarter, compared to the consensus estimate of $74.31 million. During the same quarter last year, the company earned $0.25 earnings per share. Goosehead Insurance’s quarterly revenue was up 12.7% compared to the same quarter last year. Research analysts expect that Goosehead Insurance, Inc will post 0.75 EPS for the current year.

Insider Buying and Selling

In related news, Chairman Mark Evan Jones sold 14,030 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $82.96, for a total value of $1,163,928.80. Following the sale, the chairman now owns 39,451 shares in the company, valued at approximately $3,272,854.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Mark Evan Jones sold 14,030 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $82.96, for a total value of $1,163,928.80. Following the sale, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,272,854.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $85.19, for a total transaction of $653,748.06. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at $425,950. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,798 shares of company stock valued at $4,454,640. Corporate insiders own 48.35% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GSHD. Bank of America increased their price objective on Goosehead Insurance from $35.00 to $37.00 and gave the company an “underperform” rating in a report on Tuesday, June 11th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $84.00 price objective (down from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Goosehead Insurance in a report on Thursday, July 25th. BMO Capital Markets lowered Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. One equities research 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $80.40.

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.