King Luther Capital Management Corp Acquires 2,607 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

King Luther Capital Management Corp raised its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 1.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 146,259 shares of the company’s stock after buying an additional 2,607 shares during the period. King Luther Capital Management Corp’s holdings in Goosehead Insurance were worth $13,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GSHD. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Goosehead Insurance in the third quarter worth about $29,000. GAMMA Investing LLC boosted its position in Goosehead Insurance by 195.8% in the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after buying an additional 231 shares during the period. Cullen Frost Bankers Inc. grew its stake in Goosehead Insurance by 49.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after acquiring an additional 210 shares in the last quarter. Blue Trust Inc. increased its position in shares of Goosehead Insurance by 567.6% during the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after acquiring an additional 403 shares during the period. Finally, Quarry LP raised its stake in shares of Goosehead Insurance by 2,810.7% during the second quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after acquiring an additional 787 shares in the last quarter.

Insider Buying and Selling

In related news, CEO Mark Miller sold 58,327 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the transaction, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at $3,306,600. This trade represents a 66.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark Evan Jones sold 8,977 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $82.33, for a total transaction of $739,076.41. Following the sale, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,248,000.83. This represents a 18.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,232 shares of company stock worth $13,425,876 in the last ninety days. 48.35% of the stock is owned by insiders.

Goosehead Insurance Stock Up 1.5 %

Shares of Goosehead Insurance stock opened at $122.18 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a market cap of $4.53 billion, a P/E ratio of 169.70, a PEG ratio of 4.51 and a beta of 1.32. The firm’s 50 day moving average price is $100.48 and its 200-day moving average price is $80.51. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $124.40.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $78.04 million for the quarter, compared to analyst estimates of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. On average, sell-side analysts predict that Goosehead Insurance, Inc will post 0.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GSHD. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $84.00 price objective (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. BMO Capital Markets raised their price target on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday. Piper Sandler upped their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. JMP Securities raised their target price on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a research report on Thursday, October 24th. Finally, Truist Financial boosted their price target on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $97.90.

Goosehead Insurance Company Profile

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.