Wesbanco Bank Inc. Sells 4,658 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Wesbanco Bank Inc. cut its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 32.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,800 shares of the company’s stock after selling 4,658 shares during the quarter. Wesbanco Bank Inc.’s holdings in Goosehead Insurance were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Goosehead Insurance by 2.0% during the first 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 last quarter. Sei Investments Co. boosted its holdings in shares of Goosehead Insurance by 16.4% during the 1st quarter. Sei Investments Co. now owns 123,967 shares of the company’s stock valued at $8,259,000 after acquiring an additional 17,443 shares in the last quarter. Daiwa Securities Group Inc. grew its position 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 acquiring an additional 8,193 shares during the last quarter. Quarry LP increased its holdings in Goosehead Insurance by 2,810.7% in the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after purchasing an additional 787 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in Goosehead Insurance in the 2nd quarter worth about $408,000.

Goosehead Insurance Trading Up 1.7 %

NASDAQ GSHD opened at $95.97 on Wednesday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 154.79, a P/E/G ratio of 4.72 and a beta of 1.35. The business has a 50 day simple moving average of $86.54 and a 200 day simple moving average of $71.17. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $96.76.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. The company had revenue of $78.10 million during the quarter, compared to analyst estimates of $74.31 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. Goosehead Insurance’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. Research analysts expect that Goosehead Insurance, Inc will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GSHD shares. JMP Securities restated a “market outperform” rating and set a $100.00 price target on shares of Goosehead Insurance in a report on Tuesday. Truist Financial upped their price target on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 4th. UBS Group raised their target price on Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target 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, BMO Capital Markets lowered Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective on the stock. in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $84.10.

Insider Activity

In related news, Chairman Mark Evan Jones sold 10,418 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $85.88, for a total value of $894,697.84. Following the completion of the sale, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,388,051.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Patrick Ryan Langston sold 2,167 shares of Goosehead Insurance stock in a transaction on Monday, September 30th. The shares were sold at an average price of $90.09, for a total value of $195,225.03. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $450,450. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Mark Evan Jones sold 10,418 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $85.88, for a total transaction of $894,697.84. Following the transaction, the chairman now owns 39,451 shares in the company, valued at approximately $3,388,051.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,798 shares of company stock worth $5,357,113. Company insiders own 48.35% 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.