Goosehead Insurance Inc (NASDAQ:GSHD) Major Shareholder Robyn Mary Elizabeth Jones Sells 14,422 Shares

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Goosehead Insurance Inc (NASDAQ:GSHD) major shareholder Robyn Mary Elizabeth Jones sold 14,422 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $40.13, for a total transaction of $578,754.86. Following the sale, the insider now owns 747,890 shares of the company’s stock, valued at approximately $30,012,825.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Robyn Mary Elizabeth Jones also recently made the following trade(s):

  • On Wednesday, December 4th, Robyn Mary Elizabeth Jones sold 43,490 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.30, for a total value of $1,752,647.00.

Shares of Goosehead Insurance stock traded up $0.51 on Wednesday, reaching $40.13. 272,425 shares of the stock were exchanged, compared to its average volume of 182,891. The firm has a market capitalization of $616.16 million, a PE ratio of 200.65, a PEG ratio of 2.42 and a beta of 0.13. Goosehead Insurance Inc has a 1-year low of $23.18 and a 1-year high of $51.98. The business has a fifty day moving average price of $45.28 and a two-hundred day moving average price of $44.46.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The firm had revenue of $21.17 million during the quarter, compared to the consensus estimate of $21.57 million. Goosehead Insurance had a net margin of 5.69% and a negative return on equity of 15.46%. The business’s revenue was up 31.9% on a year-over-year basis. On average, sell-side analysts anticipate that Goosehead Insurance Inc will post 0.34 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. raised its stake in shares of Goosehead Insurance by 514.3% during the 3rd quarter. First Mercantile Trust Co. now owns 4,300 shares of the company’s stock worth $212,000 after buying an additional 3,600 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Goosehead Insurance in the second quarter valued at approximately $57,000. Russell Investments Group Ltd. boosted its stake in shares of Goosehead Insurance by 19.5% in the third quarter. Russell Investments Group Ltd. now owns 108,493 shares of the company’s stock valued at $5,353,000 after buying an additional 17,700 shares in the last quarter. Ashford Capital Management Inc. boosted its stake in shares of Goosehead Insurance by 1.9% in the third quarter. Ashford Capital Management Inc. now owns 308,500 shares of the company’s stock valued at $15,224,000 after buying an additional 5,700 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Goosehead Insurance by 12.8% during the second quarter. Vanguard Group Inc. now owns 533,427 shares of the company’s stock worth $25,498,000 after acquiring an additional 60,653 shares during the period. Institutional investors own 89.13% of the company’s stock.

GSHD has been the topic of several analyst reports. ValuEngine upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. set a $60.00 price target on Goosehead Insurance and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Zacks Investment Research cut Goosehead Insurance from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods increased their price target on Goosehead Insurance from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $52.00.

Goosehead Insurance Company Profile

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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Insider Buying and Selling by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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