Engineers Gate Manager LP purchased a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,204 shares of the company’s stock, valued at approximately $506,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Goosehead Insurance by 12.1% during the 3rd quarter. BlackRock Inc. now owns 1,401,984 shares of the company’s stock worth $49,966,000 after purchasing an additional 151,584 shares during the last quarter. Capital Fund Management S.A. increased its stake in shares of Goosehead Insurance by 50.8% in the 3rd quarter. Capital Fund Management S.A. now owns 29,816 shares of the company’s stock valued at $1,063,000 after acquiring an additional 10,045 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of Goosehead Insurance by 2.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 155,787 shares of the company’s stock valued at $5,552,000 after acquiring an additional 3,094 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Goosehead Insurance by 48.8% in the 3rd quarter. Royal Bank of Canada now owns 75,742 shares of the company’s stock valued at $2,698,000 after acquiring an additional 24,827 shares in the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in shares of Goosehead Insurance in the 3rd quarter valued at $282,000. Institutional investors own 99.96% of the company’s stock.

Goosehead Insurance Trading Down 2.1 %

NASDAQ GSHD opened at $49.69 on Friday. The company has a fifty day simple moving average of $41.11 and a 200 day simple moving average of $40.25. Goosehead Insurance, Inc has a 12-month low of $29.23 and a 12-month high of $87.29. The company has a market cap of $1.86 billion, a P/E ratio of 2,485.74, a PEG ratio of 2.66 and a beta of 1.19.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GSHD shares. Piper Sandler lowered their price objective on shares of Goosehead Insurance from $57.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, February 23rd. BMO Capital Markets started coverage on shares of Goosehead Insurance in a research note on Thursday, January 19th. They issued a “market perform” rating and a $39.00 price objective for the company. Credit Suisse Group reiterated an “outperform” rating and issued a $72.00 price objective on shares of Goosehead Insurance in a research note on Wednesday, March 1st. JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, February 23rd. Finally, Royal Bank of Canada reduced their price target on shares of Goosehead Insurance from $75.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, February 23rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.86.

Insider Activity at Goosehead Insurance

In other news, Director Thomas Mcconnon acquired 84,410 shares of the business’s stock in a transaction on Monday, February 27th. The shares were purchased at an average cost of $44.58 per share, with a total value of $3,762,997.80. Following the acquisition, the director now directly owns 441,093 shares of the company’s stock, valued at $19,663,925.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Thomas Mcconnon acquired 84,410 shares of the business’s stock in a transaction on Monday, February 27th. The shares were purchased at an average cost of $44.58 per share, with a total value of $3,762,997.80. Following the acquisition, the director now directly owns 441,093 shares of the company’s stock, valued at $19,663,925.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 2,051 shares of Goosehead Insurance stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $45.01, for a total transaction of $92,315.51. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at $5,957,028.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 179,800 shares of company stock valued at $8,687,388. 48.35% of the stock is owned by company insiders.

Goosehead Insurance Company Profile

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Goosehead Insurance, Inc is a holding company, which engages in the provision of independent personal lines of insurance. It operates through the Corporate Channel and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained, and managed by the company.

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