Versor Investments LP Invests $274,000 in Goosehead Insurance, Inc (NASDAQ:GSHD)

Versor Investments LP purchased a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHDFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,612 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in Goosehead Insurance by 17.8% in 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 during the period. Loomis Sayles & Co. L P acquired a new position in shares of Goosehead Insurance during the third quarter valued at about $23,614,000. Barclays PLC lifted its stake in shares of Goosehead Insurance by 1,673.1% in the third quarter. Barclays PLC now owns 191,401 shares of the company’s stock valued at $14,266,000 after buying an additional 180,606 shares during the period. Principal Financial Group Inc. acquired a new stake in Goosehead Insurance during the third quarter worth about $9,501,000. Finally, 3G Capital Partners LP lifted its position in shares of Goosehead Insurance by 100.6% in the 3rd quarter. 3G Capital Partners LP now owns 210,000 shares of the company’s stock worth $15,651,000 after acquiring an additional 105,303 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GSHD. JPMorgan Chase & Co. cut their target price on Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Keefe, Bruyette & Woods lowered their target price on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Truist Financial cut their price target on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. JMP Securities reiterated a “market outperform” rating and issued a $100.00 price objective on shares of Goosehead Insurance in a research note on Monday, April 15th. Finally, Piper Sandler decreased their price target on Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Goosehead Insurance has an average rating of “Moderate Buy” and an average price target of $78.89.

Get Our Latest Report on Goosehead Insurance

Goosehead Insurance Stock Up 0.9 %

Shares of NASDAQ GSHD opened at $60.87 on Wednesday. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $92.76. The firm’s 50-day simple moving average is $64.38 and its 200 day simple moving average is $71.55. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 98.18, a price-to-earnings-growth ratio of 3.22 and a beta of 1.31.

Goosehead Insurance (NASDAQ:GSHDGet Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. The company had revenue of $64.46 million for the quarter, compared to analyst estimates of $66.24 million. On average, research analysts expect that Goosehead Insurance, Inc will post 0.7 earnings per share for the current fiscal year.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, COO Mark Miller bought 10,000 shares of Goosehead Insurance stock in a transaction dated Monday, April 29th. The shares were bought at an average price of $58.06 per share, with a total value of $580,600.00. Following the purchase, the chief operating officer now owns 30,000 shares of the company’s stock, valued at $1,741,800. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Goosehead Insurance news, COO Mark Miller bought 10,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was bought at an average price of $58.06 per share, for a total transaction of $580,600.00. Following the transaction, the chief operating officer now owns 30,000 shares of the company’s stock, valued at approximately $1,741,800. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel John Terry O’connor purchased 1,000 shares of Goosehead Insurance stock in a transaction dated Monday, February 26th. The stock was bought at an average price of $73.46 per share, for a total transaction of $73,460.00. Following the completion of the transaction, the general counsel now directly owns 1,000 shares in the company, valued at $73,460. The disclosure for this purchase can be found here. Insiders have bought a total of 17,582 shares of company stock worth $1,141,849 over the last 90 days. Insiders own 38.03% of the company’s stock.

Goosehead Insurance Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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