Daiwa Securities Group Inc. Sells 3,800 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Daiwa Securities Group Inc. reduced its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 10.8% during the third quarter, Holdings Channel reports. The institutional investor owned 31,318 shares of the company’s stock after selling 3,800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Goosehead Insurance were worth $2,797,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Goosehead Insurance by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after acquiring an additional 46,861 shares during the last quarter. Quarry LP boosted its stake in shares of Goosehead Insurance by 2,810.7% during the second quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after purchasing an additional 787 shares during the period. Dark Forest Capital Management LP bought a new position in shares of Goosehead Insurance in the second quarter worth approximately $408,000. Marshall Wace LLP purchased a new position in shares of Goosehead Insurance in the second quarter worth $436,000. Finally, International Assets Investment Management LLC raised its holdings in Goosehead Insurance by 7,593.8% during the 3rd quarter. International Assets Investment Management LLC now owns 10,002 shares of the company’s stock valued at $8,930,000 after buying an additional 9,872 shares during the last quarter.

Insider Transactions at Goosehead Insurance

In other news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total transaction of $4,402,024.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark Miller sold 58,327 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the sale, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at $3,306,600. This trade represents a 66.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,255 shares of company stock valued at $12,686,800. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Trading Down 2.5 %

Shares of NASDAQ GSHD opened at $126.50 on Thursday. The stock has a market cap of $4.69 billion, a P/E ratio of 175.69, a price-to-earnings-growth ratio of 4.85 and a beta of 1.32. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39. The firm has a 50-day moving average of $102.84 and a 200 day moving average of $82.20.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $80.54 million. During the same period in the previous year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, sell-side analysts expect that Goosehead Insurance, Inc will post 0.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GSHD shares. JMP Securities upped their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a research note on Thursday, October 24th. UBS Group upped their price target on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. TD Cowen lifted their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. BMO Capital Markets upped their target price on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Finally, Royal Bank of Canada lifted their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Goosehead Insurance has an average rating of “Hold” and an average price target of $97.90.

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.