Portside Wealth Group LLC Decreases Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Portside Wealth Group LLC lessened its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 6.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,758 shares of the company’s stock after selling 635 shares during the quarter. Portside Wealth Group LLC’s holdings in Goosehead Insurance were worth $782,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Goosehead Insurance by 2.0% in the 1st 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 stake 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. Daiwa Securities Group Inc. boosted 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 worth $2,017,000 after purchasing an additional 8,193 shares during the period. Quarry LP increased its position in shares of Goosehead Insurance by 2,810.7% during 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 last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in Goosehead Insurance during the 2nd quarter valued at $408,000.

Insider Transactions at Goosehead Insurance

In related news, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total transaction of $4,402,024.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total transaction of $4,402,024.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $90.09, for a total value of $195,225.03. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $450,450. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,053 shares of company stock valued at $17,141,440. Company insiders own 38.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on GSHD shares. Truist Financial lifted their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. UBS Group upped their price target on shares of Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada raised 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. 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 research note on Monday, August 12th. Finally, TD Cowen lowered Goosehead Insurance from a “buy” rating to a “hold” rating and decreased their price target for the stock from $98.00 to $94.00 in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $91.30.

Goosehead Insurance Trading Up 1.8 %

Shares of NASDAQ GSHD opened at $113.00 on Friday. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $115.00. The firm has a market cap of $4.19 billion, a PE ratio of 156.95, a price-to-earnings-growth ratio of 4.10 and a beta of 1.32. The business has a fifty day simple moving average of $94.24 and a two-hundred day simple moving average of $76.66. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, beating 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 firm had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same period in the previous year, the company posted $0.28 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts expect that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal 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.