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
(Get Rating)
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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Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.