Bank of Montreal Can lessened its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) by 40.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,912 shares of the company’s stock after selling 18,957 shares during the period. Bank of Montreal Can owned approximately 0.07% of Goosehead Insurance worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in GSHD. Natixis Advisors L.P. increased its position in Goosehead Insurance by 8.7% during the 4th quarter. Natixis Advisors L.P. now owns 40,001 shares of the company’s stock worth $1,374,000 after purchasing an additional 3,199 shares in the last quarter. Harbor Investment Advisory LLC increased its position in Goosehead Insurance by 58.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,548 shares of the company’s stock worth $53,000 after purchasing an additional 572 shares in the last quarter. Weiss Asset Management LP acquired a new position in Goosehead Insurance during the 3rd quarter worth approximately $616,000. FourThought Financial LLC increased its position in Goosehead Insurance by 7,073.6% during the 3rd quarter. FourThought Financial LLC now owns 7,891 shares of the company’s stock worth $281,000 after purchasing an additional 7,781 shares in the last quarter. Finally, M&T Bank Corp increased its position in Goosehead Insurance by 155.4% during the 3rd quarter. M&T Bank Corp now owns 11,942 shares of the company’s stock worth $425,000 after purchasing an additional 7,267 shares in the last quarter. Institutional investors own 99.96% of the company’s stock.
Insider Buying and Selling
In related news, major shareholder Camille Peterson sold 11,225 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $44.23, for a total transaction of $496,481.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder & Robyn Jones Descendants Mark sold 2,051 shares of the stock in a transaction on Friday, February 3rd. The shares were 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 of the company’s stock, valued at $5,957,028.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Camille Peterson sold 11,225 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $44.23, for a total transaction of $496,481.75. The disclosure for this sale can be found here. Insiders have sold a total of 253,854 shares of company stock valued at $12,779,612 over the last ninety days. 42.50% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
GSHD has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price objective 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. JPMorgan Chase & Co. decreased their price target on shares of Goosehead Insurance from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, February 23rd. BMO Capital Markets initiated coverage on shares of Goosehead Insurance in a research report on Thursday, January 19th. They issued a “market perform” rating and a $39.00 price target for the company. Piper Sandler upped their price target on shares of Goosehead Insurance from $59.00 to $64.00 in a research report on Thursday. Finally, Truist Financial upped their price target on shares of Goosehead Insurance from $40.00 to $50.00 in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.29.
Goosehead Insurance Stock Performance
NASDAQ:GSHD opened at $58.87 on Friday. The firm’s fifty day moving average is $50.18 and its 200-day moving average is $42.20. Goosehead Insurance, Inc has a 52 week low of $29.23 and a 52 week high of $71.04. The firm has a market cap of $2.21 billion, a P/E ratio of 2,944.97, a P/E/G ratio of 3.10 and a beta of 1.20.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.13. Goosehead Insurance had a net margin of 0.27% and a negative return on equity of 1.10%. The company had revenue of $57.96 million for the quarter, compared to analyst estimates of $53.73 million. During the same period in the prior year, the firm posted ($0.11) EPS. The company’s quarterly revenue was up 40.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.39 earnings per share for the current year.
Goosehead Insurance Profile
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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