SG Americas Securities LLC Has $5.54 Million Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

SG Americas Securities LLC increased its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 885.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,662 shares of the company’s stock after buying an additional 46,420 shares during the quarter. SG Americas Securities LLC owned 0.14% of Goosehead Insurance worth $5,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Goosehead Insurance by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after acquiring an additional 5,969 shares during the period. Quarry LP grew its stake in shares of Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after purchasing an additional 787 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in Goosehead Insurance in the second quarter valued at $408,000. BNP Paribas Financial Markets raised its position in Goosehead Insurance by 135.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock worth $1,982,000 after purchasing an additional 12,759 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Goosehead Insurance during the 2nd quarter worth about $436,000.

Insider Activity at Goosehead Insurance

In other news, CEO Mark Miller sold 58,327 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the sale, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at $3,306,600. This represents a 66.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.35% of the stock is currently owned by insiders.

Goosehead Insurance Trading Down 1.0 %

GSHD opened at $100.87 on Friday. The company has a market cap of $3.74 billion, a P/E ratio of 140.10, a price-to-earnings-growth ratio of 4.23 and a beta of 1.41. The company has a fifty day moving average price of $112.76 and a two-hundred day moving average price of $97.14. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39.

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

Goosehead Insurance Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be issued a $5.91 dividend. This is a boost from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date of this dividend is Tuesday, January 21st.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. TD Cowen increased their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial increased their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, BMO Capital Markets upped their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. One 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $99.20.

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.