SG Americas Securities LLC Makes New Investment in Goosehead Insurance, Inc (NASDAQ:GSHD)

SG Americas Securities LLC acquired a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,242 shares of the company’s stock, valued at approximately $468,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Goosehead Insurance by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after buying an additional 46,861 shares during the period. Sei Investments Co. increased 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 period. Daiwa Securities Group Inc. increased its holdings in shares of Goosehead Insurance by 30.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company’s stock valued at $2,017,000 after purchasing an additional 8,193 shares during the period. Quarry LP increased its holdings in shares of Goosehead Insurance by 2,810.7% in the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after purchasing an additional 787 shares during the period. Finally, Dark Forest Capital Management LP acquired a new position in shares of Goosehead Insurance in the 2nd quarter valued at about $408,000.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 7,674 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 owns 5,000 shares of the company’s stock, valued at $425,950. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark Evan Jones sold 8,977 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman now owns 39,451 shares of the company’s stock, valued at approximately $3,248,000.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,798 shares of company stock valued at $6,310,613 over the last 90 days. 48.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $100.00 target price on shares of Goosehead Insurance in a report on Tuesday. JPMorgan Chase & Co. upped their target price on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a report on Monday, August 12th. TD Cowen downgraded Goosehead Insurance from a “buy” rating to a “hold” rating and dropped their target price for the company from $98.00 to $94.00 in a report on Thursday, August 15th. UBS Group upped 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. Finally, Truist Financial boosted their price target on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 4th. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $84.10.

Goosehead Insurance Stock Up 3.6 %

Shares of Goosehead Insurance stock opened at $99.40 on Thursday. The stock has a market capitalization of $3.78 billion, a P/E ratio of 160.32, a PEG ratio of 4.72 and a beta of 1.35. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31. The stock has a 50 day moving average price of $86.84 and a two-hundred day moving average price of $71.37. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $100.15.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $74.31 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. Equities analysts expect that Goosehead Insurance, Inc will post 0.76 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.