Los Angeles Capital Management LLC Makes New $780,000 Investment in Goosehead Insurance, Inc (NASDAQ:GSHD)

Los Angeles Capital Management LLC purchased a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 8,732 shares of the company’s stock, valued at approximately $780,000.

Several other institutional investors have also modified their holdings of the business. State of New Jersey Common Pension Fund D acquired a new stake in shares of Goosehead Insurance in the third quarter valued at $2,134,000. Jacobson & Schmitt Advisors LLC increased its holdings in Goosehead Insurance by 10.6% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 141,642 shares of the company’s stock worth $12,649,000 after purchasing an additional 13,594 shares during the period. Financial Management Professionals Inc. acquired a new stake in Goosehead Insurance in the 3rd quarter valued at about $60,000. International Assets Investment Management LLC boosted its stake in shares of Goosehead Insurance by 7,593.8% in 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 period. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Goosehead Insurance in the 3rd quarter valued at about $29,000.

Insider Transactions at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston sold 3,019 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $90.34, for a total value of $272,736.46. Following the completion of the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $451,700. This represents a 37.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark Evan Jones sold 8,977 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $82.33, for a total value of $739,076.41. Following the transaction, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,248,000.83. This represents a 18.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 156,961 shares of company stock worth $15,592,994. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $119.08 on Friday. The stock’s 50-day moving average is $97.59 and its two-hundred day moving average is $78.82. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $124.00. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 165.39, a PEG ratio of 4.66 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. Analysts predict that Goosehead Insurance, Inc will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JMP Securities raised their target price on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. Piper Sandler raised their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $84.00 target price (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. BMO Capital Markets lowered Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 target price on the stock. in a report on Thursday, August 22nd. Finally, Royal Bank of Canada lifted their price target on Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance currently has an average rating of “Hold” and an average price target of $91.30.

Goosehead Insurance 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.