United Capital Financial Advisers LLC reduced its position in shares of Goosehead Insurance Inc (NASDAQ:GSHD) by 5.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 24,659 shares of the company’s stock after selling 1,394 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Goosehead Insurance were worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in GSHD. First Mercantile Trust Co. acquired a new position in Goosehead Insurance in the 2nd quarter valued at $33,000. Bank of Montreal Can acquired a new position in Goosehead Insurance in the 2nd quarter valued at $45,000. FNY Investment Advisers LLC acquired a new position in Goosehead Insurance in the 2nd quarter valued at $57,000. BNP Paribas Arbitrage SA raised its holdings in Goosehead Insurance by 487.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,031 shares of the company’s stock valued at $57,000 after acquiring an additional 1,685 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Goosehead Insurance in the 1st quarter valued at $102,000. 84.38% of the stock is owned by institutional investors and hedge funds.
NASDAQ GSHD traded up $2.70 during midday trading on Friday, hitting $49.19. The company had a trading volume of 294,858 shares, compared to its average volume of 127,793. The company has a market capitalization of $679.90 million, a PE ratio of 160.57, a P/E/G ratio of 2.64 and a beta of 0.35. The firm has a 50-day moving average price of $45.21 and a 200-day moving average price of $38.32. Goosehead Insurance Inc has a twelve month low of $20.49 and a twelve month high of $51.47.
In other news, major shareholder & Robyn Jones Descendants Mark sold 13,606 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $44.71, for a total transaction of $608,324.26. Also, CFO Mark S. Colby sold 3,096 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.39, for a total value of $140,527.44. Insiders have sold a total of 427,467 shares of company stock valued at $19,069,140 in the last three months. 67.50% of the stock is owned by insiders.
Several equities analysts have weighed in on GSHD shares. ValuEngine cut Goosehead Insurance from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised Goosehead Insurance from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Wednesday, August 7th. Bank of America reaffirmed a “buy” rating and issued a $55.00 price objective (up from $37.00) on shares of Goosehead Insurance in a report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. set a $60.00 price objective on Goosehead Insurance and gave the company a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $49.00.
About Goosehead Insurance
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
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