7,007 Shares in Goosehead Insurance $GSHD Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. bought a new position in Goosehead Insurance (NASDAQ:GSHD) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,007 shares of the company’s stock, valued at approximately $739,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Goosehead Insurance by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 121,654 shares of the company’s stock worth $14,362,000 after acquiring an additional 2,800 shares in the last quarter. Amundi increased its holdings in Goosehead Insurance by 181.0% in the 1st quarter. Amundi now owns 51,524 shares of the company’s stock worth $6,228,000 after acquiring an additional 33,188 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in Goosehead Insurance in the 1st quarter worth approximately $401,000. Crossmark Global Holdings Inc. purchased a new stake in Goosehead Insurance in the 1st quarter worth approximately $208,000. Finally, Bessemer Group Inc. increased its holdings in Goosehead Insurance by 192.9% in the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group reduced their target price on shares of Goosehead Insurance from $136.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Zacks Research lowered shares of Goosehead Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. Keefe, Bruyette & Woods lowered their target price on Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Cantor Fitzgerald upgraded Goosehead Insurance to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, Citigroup restated an “outperform” rating on shares of Goosehead Insurance in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $105.09.

Goosehead Insurance Stock Up 0.6%

Shares of GSHD opened at $68.65 on Thursday. The company has a market cap of $2.58 billion, a PE ratio of 60.75, a P/E/G ratio of 13.68 and a beta of 1.27. The business has a fifty day moving average of $77.78 and a 200 day moving average of $93.47. Goosehead Insurance has a 52-week low of $64.40 and a 52-week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.The business had revenue of $94.03 million during the quarter, compared to analysts’ expectations of $94.18 million. During the same quarter in the previous year, the business earned $0.43 EPS. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, research analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total transaction of $258,900.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $87.01, for a total value of $52,206.00. Following the transaction, the insider owned 132,349 shares in the company, valued at approximately $11,515,686.49. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 244,770 shares of company stock worth $21,568,721. Insiders own 48.35% of the company’s stock.

About Goosehead Insurance

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.