Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC trimmed its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 25.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,963 shares of the company’s stock after selling 1,376 shares during the period. Janney Capital Management LLC’s holdings in Goosehead Insurance were worth $425,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Atomi Financial Group Inc. raised its stake in shares of Goosehead Insurance by 12.5% during the 4th quarter. Atomi Financial Group Inc. now owns 3,462 shares of the company’s stock worth $371,000 after buying an additional 385 shares in the last quarter. Mechanics Bank Trust Department grew its holdings in Goosehead Insurance by 4.5% during the fourth quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock worth $274,000 after acquiring an additional 109 shares during the period. Wallace Advisory Group LLC purchased a new position in Goosehead Insurance in the fourth quarter worth $293,000. GAMMA Investing LLC lifted its holdings in Goosehead Insurance by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after acquiring an additional 257 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Goosehead Insurance during the 3rd quarter worth $63,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GSHD shares. TD Cowen increased their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Royal Bank of Canada increased their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. JMP Securities boosted their price target on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. BMO Capital Markets raised their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Finally, Piper Sandler boosted their target price on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. 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, the company presently has a consensus rating of “Hold” and a consensus price target of $99.20.

Insiders Place Their Bets

In related news, CEO Mark Miller sold 58,327 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at approximately $3,306,600. This represents a 66.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 38.03% of the stock is owned by corporate insiders.

Goosehead Insurance Stock Down 2.9 %

Shares of NASDAQ:GSHD opened at $103.25 on Thursday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a market capitalization of $3.83 billion, a P/E ratio of 143.40, a P/E/G ratio of 4.52 and a beta of 1.41. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. The stock’s fifty day simple moving average is $113.47 and its 200-day simple moving average is $96.79.

Goosehead Insurance (NASDAQ:GSHD) last released 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 company had revenue of $78.04 million for the quarter, compared to analyst estimates of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm’s quarterly 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. As a group, equities research analysts forecast that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Goosehead Insurance Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be given a dividend of $5.91 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63.

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.