NBC Securities Inc. Takes Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

NBC Securities Inc. bought a new stake in Goosehead Insurance, Inc (NASDAQ:GSHDFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,766 shares of the company’s stock, valued at approximately $1,025,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Metropolitan Life Insurance Co NY lifted its position in Goosehead Insurance by 15.2% during the second quarter. Metropolitan Life Insurance Co NY now owns 1,181 shares of the company’s stock worth $74,000 after buying an additional 156 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Goosehead Insurance by 21.8% in the second quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock valued at $58,000 after purchasing an additional 166 shares during the period. Signaturefd LLC raised its position in Goosehead Insurance by 28.9% in the third quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock valued at $83,000 after purchasing an additional 250 shares during the period. Verdence Capital Advisors LLC raised its position in Goosehead Insurance by 7.5% in the third quarter. Verdence Capital Advisors LLC now owns 5,287 shares of the company’s stock valued at $394,000 after purchasing an additional 369 shares during the period. Finally, Ameritas Investment Partners Inc. raised its position in Goosehead Insurance by 28.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,781 shares of the company’s stock valued at $112,000 after purchasing an additional 392 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. UBS Group started coverage on Goosehead Insurance in a research note on Tuesday, October 17th. They issued a “buy” rating and a $84.00 price objective for the company. TD Cowen started coverage on Goosehead Insurance in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price objective for the company. Finally, Piper Sandler lifted their price objective on Goosehead Insurance from $76.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

Get Our Latest Report on GSHD

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder Slj Dynasty Trust sold 28,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $74.48, for a total transaction of $2,085,440.00. Following the sale, the insider now owns 370,442 shares in the company, valued at approximately $27,590,520.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Slj Dynasty Trust sold 28,000 shares of Goosehead Insurance stock in a transaction on Monday, November 27th. The stock was sold at an average price of $74.48, for a total value of $2,085,440.00. Following the completion of the sale, the insider now owns 370,442 shares of the company’s stock, valued at $27,590,520.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 26,862 shares of Goosehead Insurance stock in a transaction on Friday, November 10th. The shares were sold at an average price of $71.27, for a total value of $1,914,454.74. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $9,432,513.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,205 shares of company stock worth $10,721,302. Company insiders own 48.35% of the company’s stock.

Goosehead Insurance Stock Down 0.6 %

Shares of NASDAQ:GSHD traded down $0.45 on Friday, hitting $78.15. 121,389 shares of the company’s stock were exchanged, compared to its average volume of 183,399. The firm’s 50-day moving average is $74.16 and its 200 day moving average is $70.64. The company has a debt-to-equity ratio of 12.15, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $2.96 billion, a PE ratio of 173.67, a P/E/G ratio of 2.22 and a beta of 1.31. Goosehead Insurance, Inc has a 1-year low of $35.62 and a 1-year high of $79.80.

Goosehead Insurance (NASDAQ:GSHDGet Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.13 by $0.15. Goosehead Insurance had a negative return on equity of 79.96% and a net margin of 4.31%. The firm had revenue of $71.03 million during the quarter, compared to the consensus estimate of $69.49 million. Sell-side analysts predict that Goosehead Insurance, Inc will post 0.7 EPS for the current year.

Goosehead Insurance Company Profile

(Free Report)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. 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.

Further Reading

Want to see what other hedge funds are holding GSHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goosehead Insurance, Inc (NASDAQ:GSHDFree Report).

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

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