Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC lessened its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 25.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,963 shares of the company’s stock after selling 1,376 shares during the quarter. Janney Capital Management LLC’s holdings in Goosehead Insurance were worth $425,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP lifted its position in shares of Goosehead Insurance by 5.6% during the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock worth $233,872,000 after purchasing an additional 138,571 shares in the last quarter. State Street Corp increased its stake in Goosehead Insurance by 21.2% during the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company’s stock worth $94,595,000 after buying an additional 185,037 shares during the period. Geode Capital Management LLC lifted its holdings in Goosehead Insurance by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after buying an additional 5,969 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Goosehead Insurance by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock valued at $22,580,000 after buying an additional 51,023 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Goosehead Insurance by 32.4% in the second quarter. Sei Investments Co. now owns 164,074 shares of the company’s stock worth $9,424,000 after acquiring an additional 40,107 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. BMO Capital Markets increased their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective 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 upped their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Piper Sandler lifted their price target on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Finally, Truist Financial boosted their price target on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $99.20.

Insider Buying and Selling

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total value of $6,428,801.94. Following the transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 38.03% of the stock is currently owned by company insiders.

Goosehead Insurance Trading Down 2.9 %

Shares of Goosehead Insurance stock opened at $103.25 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a fifty day simple moving average of $113.47 and a 200-day simple moving average of $96.79. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 143.40, a PEG ratio of 4.52 and a beta of 1.41. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Goosehead Insurance’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts forecast 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 given a $5.91 dividend. The ex-dividend date is Tuesday, January 21st. This is a boost from Goosehead Insurance’s previous dividend of $1.63.

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.