Motley Fool Asset Management LLC Increases Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Motley Fool Asset Management LLC increased its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,145 shares of the company’s stock after acquiring an additional 3,412 shares during the quarter. Motley Fool Asset Management LLC owned about 0.28% of Goosehead Insurance worth $7,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of GSHD. Principal Financial Group Inc. purchased a new position in shares of Goosehead Insurance in the third quarter worth $9,501,000. Vanguard Group Inc. grew its holdings in Goosehead Insurance by 17.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company’s stock worth $173,847,000 after acquiring an additional 351,630 shares in the last quarter. Amalgamated Bank grew its holdings in Goosehead Insurance by 217.7% during the 3rd quarter. Amalgamated Bank now owns 10,143 shares of the company’s stock worth $756,000 after acquiring an additional 6,950 shares in the last quarter. FMR LLC boosted its holdings in shares of Goosehead Insurance by 383.3% in the 3rd quarter. FMR LLC now owns 70,292 shares of the company’s stock valued at $5,239,000 after buying an additional 55,747 shares in the last quarter. Finally, Loomis Sayles & Co. L P bought a new stake in shares of Goosehead Insurance in the 3rd quarter valued at about $23,614,000.

Goosehead Insurance Price Performance

GSHD stock traded down $7.04 during midday trading on Thursday, reaching $53.16. 1,371,591 shares of the company’s stock traded hands, compared to its average volume of 295,139. The company has a 50-day simple moving average of $70.38 and a two-hundred day simple moving average of $72.67. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $92.76. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 93.26, a PEG ratio of 4.31 and a beta of 1.28. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.02.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. The firm had revenue of $64.46 million for the quarter, compared to analyst estimates of $66.24 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. On average, analysts anticipate that Goosehead Insurance, Inc will post 0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GSHD. Royal Bank of Canada cut their target price on shares of Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday. JMP Securities restated a “market outperform” rating and issued a $100.00 price objective on shares of Goosehead Insurance in a report on Monday, April 15th. JPMorgan Chase & Co. cut their price target on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday. TD Cowen initiated coverage on Goosehead Insurance in a research report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price objective for the company. Finally, Keefe, Bruyette & Woods lowered their price target on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

Insiders Place Their Bets

In related news, major shareholder Desiree Coleman sold 2,324 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.67, for a total value of $297,685.78. Following the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $10,014,848.83. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Desiree Coleman sold 2,324 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. Company insiders own 38.03% of the company’s stock.

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.