Janney Capital Management LLC Has $440,000 Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Janney Capital Management LLC lifted its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHDFree Report) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,805 shares of the company’s stock after purchasing an additional 181 shares during the quarter. Janney Capital Management LLC’s holdings in Goosehead Insurance were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in GSHD. State of Alaska Department of Revenue lifted its holdings in Goosehead Insurance by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock valued at $1,140,000 after purchasing an additional 161 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Goosehead Insurance by 18.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,229 shares of the company’s stock valued at $92,000 after purchasing an additional 195 shares during the period. Arizona State Retirement System lifted its stake in shares of Goosehead Insurance by 3.6% during the 3rd quarter. Arizona State Retirement System now owns 6,122 shares of the company’s stock worth $456,000 after buying an additional 214 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Goosehead Insurance by 4.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 5,529 shares of the company’s stock worth $419,000 after buying an additional 242 shares during the period. Finally, Signaturefd LLC grew its stake in Goosehead Insurance by 28.9% in the 3rd quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock valued at $83,000 after buying an additional 250 shares during the last quarter.

Goosehead Insurance Price Performance

GSHD traded down $0.20 during trading on Wednesday, hitting $60.67. 241,170 shares of the stock traded hands, compared to its average volume of 311,866. The business has a 50 day moving average price of $63.99 and a 200 day moving average price of $71.47. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.73 and a quick ratio of 1.73. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $92.76. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 97.85, a PEG ratio of 3.22 and a beta of 1.31.

Goosehead Insurance (NASDAQ:GSHDGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $64.46 million during the quarter, compared to analysts’ expectations of $66.24 million. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. Equities research analysts forecast that Goosehead Insurance, Inc will post 0.7 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Mark Miller purchased 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $73.86 per share, for a total transaction of $369,300.00. Following the purchase, the chief operating officer now owns 20,000 shares of the company’s stock, valued at $1,477,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the sale, the insider now directly owns 132,349 shares in the company, valued at approximately $9,915,587.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Mark Miller purchased 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was acquired at an average price of $73.86 per share, with a total value of $369,300.00. Following the completion of the transaction, the chief operating officer now owns 20,000 shares in the company, valued at approximately $1,477,200. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 17,582 shares of company stock worth $1,141,849. Corporate insiders own 38.03% of the company’s stock.

Analysts Set New Price Targets

GSHD has been the subject of several research reports. JPMorgan Chase & Co. cut their price objective on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Truist Financial reduced their price target on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. JMP Securities reissued a “market outperform” rating and set a $100.00 target price on shares of Goosehead Insurance in a report on Monday, April 15th. Piper Sandler decreased their price target on shares of Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Finally, BMO Capital Markets decreased their target price on shares of Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.89.

Get Our Latest Stock Report on Goosehead Insurance

Goosehead Insurance Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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