Louisiana State Employees Retirement System Takes Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Louisiana State Employees Retirement System acquired a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,200 shares of the company’s stock, valued at approximately $925,000.

Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Goosehead Insurance during the fourth quarter valued at about $35,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Goosehead Insurance in the 3rd quarter worth about $37,000. Signaturefd LLC raised its holdings in shares of Goosehead Insurance by 28.9% in the 3rd quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock worth $83,000 after acquiring an additional 250 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Goosehead Insurance by 18.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,229 shares of the company’s stock worth $92,000 after acquiring an additional 195 shares during the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of Goosehead Insurance in the 3rd quarter worth about $204,000.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GSHD shares. JPMorgan Chase & Co. lowered their target price on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Thursday. BMO Capital Markets lowered their target price on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. JMP Securities restated a “market outperform” rating and issued a $100.00 target price on shares of Goosehead Insurance in a report on Monday, April 15th. Keefe, Bruyette & Woods lowered their target price on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, TD Cowen started coverage on shares of Goosehead Insurance in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance has an average rating of “Moderate Buy” and a consensus price target of $80.89.

Insider Activity

In other news, major shareholder Desiree Coleman sold 2,324 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total transaction of $186,315.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Desiree Coleman sold 2,324 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the firm’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 transaction of $2,722,368.04. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The disclosure for this sale can be found here. In the last three months, insiders purchased 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. Insiders own 38.03% of the company’s stock.

Goosehead Insurance Trading Down 11.7 %

Shares of GSHD stock opened at $53.16 on Friday. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $92.76. The company has a 50-day simple moving average of $70.38 and a two-hundred day simple moving average of $72.67. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 93.26, a PEG ratio of 4.31 and a beta of 1.28. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. The firm had revenue of $64.46 million during the quarter, compared to the consensus estimate of $66.24 million. Research analysts anticipate that Goosehead Insurance, Inc will post 0.8 EPS for the current fiscal year.

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.