Cwm LLC Cuts Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Cwm LLC cut its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 4.1% during the 4th quarter, HoldingsChannel reports. The fund owned 30,657 shares of the company’s stock after selling 1,318 shares during the quarter. Cwm LLC’s holdings in Goosehead Insurance were worth $2,324,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GSHD. SG Americas Securities LLC purchased a new position in Goosehead Insurance in the 3rd quarter worth $494,000. State of Alaska Department of Revenue bought a new stake in shares of Goosehead Insurance in the 3rd quarter valued at about $1,109,000. Maryland State Retirement & Pension System bought a new stake in shares of Goosehead Insurance in the 3rd quarter valued at about $656,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Goosehead Insurance during the 3rd quarter valued at about $1,048,000. Finally, Bank of New York Mellon Corp grew its position in Goosehead Insurance by 130.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 181,779 shares of the company’s stock worth $13,548,000 after acquiring an additional 102,992 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday. Royal Bank of Canada dropped their price target on shares of Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday. JMP Securities reaffirmed a “market outperform” rating and set a $100.00 price objective on shares of Goosehead Insurance in a research note on Monday, April 15th. Keefe, Bruyette & Woods dropped their target price on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday. Finally, BMO Capital Markets reduced their price target on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.89.

Insiders Place Their Bets

In other news, major shareholder Desiree Coleman sold 8,952 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $80.05, for a total value of $716,607.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Desiree Coleman sold 8,952 shares of Goosehead Insurance stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $80.05, for a total transaction of $716,607.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total value of $2,722,368.04. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at approximately $9,915,587.08. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. 48.35% of the stock is owned by corporate insiders.

Goosehead Insurance Price Performance

GSHD stock opened at $53.16 on Friday. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.82 and a quick ratio of 1.82. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $92.76. The firm has a 50-day moving average of $70.38 and a 200 day moving average of $72.67. The company has a market cap of $2.02 billion, a P/E ratio of 85.74, a PEG ratio of 4.32 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $64.46 million for the quarter, compared to the consensus estimate of $66.24 million. Goosehead Insurance had a return on equity of 621.70% and a net margin of 5.99%. On average, sell-side analysts forecast that Goosehead Insurance, Inc will post 0.8 EPS for the current year.

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.