23,692 Shares in Goosehead Insurance $GSHD Bought by Integrity Alliance LLC.

Integrity Alliance LLC. purchased a new position in shares of Goosehead Insurance (NASDAQ:GSHD) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 23,692 shares of the company’s stock, valued at approximately $1,075,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Goosehead Insurance by 30.8% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,203 shares of the company’s stock valued at $55,000 after acquiring an additional 283 shares in the last quarter. Versant Capital Management Inc increased its position in Goosehead Insurance by 36.9% during the third quarter. Versant Capital Management Inc now owns 1,057 shares of the company’s stock worth $48,000 after purchasing an additional 285 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Goosehead Insurance by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $54,000 after buying an additional 328 shares during the last quarter. Keeler Thomas Management LLC increased its stake in Goosehead Insurance by 5.9% during the third quarter. Keeler Thomas Management LLC now owns 6,063 shares of the company’s stock worth $275,000 after acquiring an additional 338 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Goosehead Insurance by 484.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock worth $25,000 after purchasing an additional 426 shares in the last quarter.

Goosehead Insurance Trading Up 0.9%

Goosehead Insurance stock opened at $56.88 on Friday. The stock has a market cap of $2.02 billion, a P/E ratio of 41.52, a price-to-earnings-growth ratio of 2.13 and a beta of 1.51. The stock has a 50 day moving average of $51.77 and a 200-day moving average of $50.67. Goosehead Insurance has a 52 week low of $33.68 and a 52 week high of $79.85.

Insiders Place Their Bets

In related news, major shareholder Adrienne Kebodeaux sold 7,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $70.00, for a total value of $490,000.00. Following the sale, the insider directly owned 273,027 shares of the company’s stock, valued at $19,111,890. This represents a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Durable Capital Partners Lp acquired 150,000 shares of Goosehead Insurance stock in a transaction on Tuesday, September 22nd. The shares were bought at an average price of $47.32 per share, for a total transaction of $7,098,000.00. Following the completion of the purchase, the insider directly owned 2,720,260 shares in the company, valued at $128,722,703.20. The trade was a 5.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 38.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on GSHD. Cantor Fitzgerald reissued an “overweight” rating and issued a $76.00 price objective on shares of Goosehead Insurance in a research report on Thursday, July 23rd. Truist Financial decreased their price objective on shares of Goosehead Insurance from $58.00 to $48.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. UBS Group raised their target price on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Royal Bank Of Canada raised their target price on Goosehead Insurance from $55.00 to $58.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Finally, Texas Capital raised Goosehead Insurance from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.42.

Goosehead Insurance Profile

Goosehead Insurance, Inc is an independent insurance agency that distributes personal and commercial insurance products through a network of corporate and franchise locations. The company uses technology and relationships with multiple insurance carriers to help customers compare coverage options and select policies suited to their needs.

Its offerings primarily include homeowners, automobile, renters, flood, umbrella and other personal insurance products, along with selected commercial insurance solutions.