Goosehead Insurance, Inc (NASDAQ: GSHD – Get Rating) principal shareholder and Robyn Jones Descendants Mark sold 52,786 shares of Goosehead Insurance in a trade that took place on Monday, August 8. The stock was sold at an average price of $59.32, for a total transaction of $3,131,265.52. Following the completion of the sale, the insider now owns 132,349 shares of the company, valued at $7,850,942.68. The transaction was disclosed in a document filed with the SEC, accessible via this link. Large shareholders who own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

& Robyn Jones Descendants Mark also recently made the following trade(s):

  • On Wednesday August 10, & Robyn Jones Descendants Mark sold 34,530 shares of Goosehead Insurance. The shares were sold at an average price of $60.86, for a total transaction of $2,101,495.80.
  • On Friday, August 5, & Robyn Jones Descendants Mark sold 42,336 shares of Goosehead Insurance. The shares were sold at an average price of $57.70, for a total transaction of $2,442,787.20.
  • On Wednesday, August 3, & Robyn Jones Descendants Mark sold 44,382 shares of Goosehead Insurance. The stock was sold at an average price of $60.11, for a total transaction of $2,667,802.02.
  • On Monday, August 1, & Robyn Jones Descendants Mark sold 33,472 shares of Goosehead Insurance. The stock was sold at an average price of $55.95, for a total transaction of $1,872,758.40.

Goosehead insurance stock up 3.6%

Goosehead Insurance shares opened at $67.81 on Friday. The company has a market capitalization of $2.52 billion, a P/E ratio of 616.51, a P/E/G ratio of 617.87 and a beta of 1.00. Goosehead Insurance, Inc has a 52 week minimum of $39.00 and a 52 week maximum of $181.30. The company’s 50-day moving average is $51.74 and its two-hundred-day moving average is $64.18.

Goosehead Insurance (NASDAQ:GSHD – Get Rating) last reported quarterly results on Wednesday, July 27. The company reported EPS of $0.16 for the quarter, missing the consensus estimate of $0.17 per ($0.01). The company posted revenue of $53.00 million in the quarter, compared to $50.93 million expected by analysts. Goosehead Insurance posted a net margin of 1.36% and a negative return on equity of 3.53%. The company’s revenue for the quarter increased 38.7% year over year. In the same quarter of the previous year, the company had earned earnings per share of $0.07.

Hedge funds weigh on Goosehead insurance

A number of hedge funds have recently changed their holdings in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in Goosehead Insurance shares by 9.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,891,470 shares of the company worth $86,383,000 after acquiring an additional 169,687 shares in the last quarter. Vanguard Group Inc. increased its holdings of Goosehead Insurance shares by 1.3% in the first quarter. Vanguard Group Inc. now owns 1,688,632 shares of the company worth $132,676,000 after purchasing an additional 22,485 shares during the period. Wasatch Advisors Inc. increased its holdings of Goosehead Insurance shares by 30.7% in the first quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company worth $117,605,000 after purchasing an additional 351,769 shares during the period. Durable Capital Partners LP increased its holdings of Goosehead Insurance shares by 24.4% in the first quarter. Durable Capital Partners LP now owns 932,444 shares of the company worth $73,262,000 after purchasing an additional 182,952 shares during the period. Finally, Capital World Investors increased its equity stake in Goosehead Insurance by 335.5% during the first quarter. Capital World Investors now owns 568,000 shares of the company worth $44,628,000 after purchasing an additional 437,576 shares during the period.

Analysts set new price targets

GSHD has been the subject of several recent research reports. Truist Financial lowered its price target on Goosehead Insurance shares from $75.00 to $60.00 in a Wednesday, April 27 research report. William Blair upgraded Goosehead Insurance shares from an ‘outperforming’ rating to a ‘market performing’ rating in a Thursday, July 28 research report. JMP Securities lowered its price target on Goosehead Insurance shares from $130.00 to $120.00 and set a “buy” rating on the stock in a Friday, June 24 research report. Piper Sandler cut her price target on Goosehead Insurance shares from $75.00 to $57.00 and set an “overweight” rating on the stock in a Tuesday, July 12 research report. Finally, Royal Bank of Canada cut its price target on Goosehead Insurance shares from $140.00 to $120.00 in a Wednesday, April 27 research report. One investment analyst gave the stock a sell rating, two gave the company a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $115.33.

About Hen’s Head Insurance

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Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC which provides personal lines insurance agency services in the United States. The Company operates in two segments, Corporate Channel and Franchise Channel. It offers products and services for home insurance, auto insurance, household property, flood, wind, earthquake, excess or umbrella liability, motorcycle, recreational vehicle , general liability, property and life insurance.

Further reading

Insider buying and selling by quarter for Goosehead Insurance (NASDAQ:GSHD)



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