Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $1,772,229.89 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 19,207 shares of the firm’s stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $92.27, for a total transaction of $1,772,229.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that 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, June 9th, & Robyn Jones Descendants Mark sold 18,079 shares of Goosehead Insurance stock. The shares were sold at an average price of $92.95, for a total transaction of $1,680,443.05.
  • On Wednesday, May 26th, & Robyn Jones Descendants Mark sold 24,193 shares of Goosehead Insurance stock. The shares were sold at an average price of $86.93, for a total transaction of $2,103,097.49.
  • On Monday, May 24th, & Robyn Jones Descendants Mark sold 80,209 shares of Goosehead Insurance stock. The shares were sold at an average price of $82.26, for a total transaction of $6,597,992.34.
  • On Friday, May 21st, & Robyn Jones Descendants Mark sold 34,163 shares of Goosehead Insurance stock. The shares were sold at an average price of $81.53, for a total transaction of $2,785,309.39.
  • On Wednesday, May 5th, & Robyn Jones Descendants Mark sold 20,282 shares of Goosehead Insurance stock. The shares were sold at an average price of $101.11, for a total transaction of $2,050,713.02.

Shares of NASDAQ GSHD opened at $92.51 on Friday. The company has a 50-day simple moving average of $97.06. Goosehead Insurance, Inc has a 1 year low of $62.75 and a 1 year high of $174.79. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 192.73, a PEG ratio of 3.87 and a beta of 0.52.

A number of institutional investors have recently added to or reduced their stakes in GSHD. Artemis Investment Management LLP boosted its stake in Goosehead Insurance by 180.5% during the 1st quarter. Artemis Investment Management LLP now owns 240,339 shares of the company’s stock worth $25,765,000 after acquiring an additional 154,652 shares during the last quarter. BlackRock Inc. boosted its stake in Goosehead Insurance by 11.3% during the 4th quarter. BlackRock Inc. now owns 1,002,180 shares of the company’s stock worth $125,031,000 after acquiring an additional 101,485 shares during the last quarter. Polen Capital Management LLC boosted its stake in Goosehead Insurance by 61.4% during the 1st quarter. Polen Capital Management LLC now owns 125,010 shares of the company’s stock worth $13,399,000 after acquiring an additional 47,577 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Goosehead Insurance during the 4th quarter worth approximately $5,065,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Goosehead Insurance by 54.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 108,108 shares of the company’s stock worth $11,588,000 after acquiring an additional 38,017 shares during the last quarter. 47.53% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on GSHD. Zacks Investment Research upgraded shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Monday, April 26th. JPMorgan Chase & Co. started coverage on shares of Goosehead Insurance in a research note on Monday, May 24th. They issued an “overweight” rating and a $100.00 target price on the stock. Finally, Keefe, Bruyette & Woods raised shares of Goosehead Insurance from a “market perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research note on Thursday, April 15th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $131.20.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It 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.

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

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