Sovereign s Capital Management LLC Makes New $3.03 Million Investment in Goosehead Insurance, Inc (NASDAQ:GSHD)

Sovereign s Capital Management LLC acquired a new position in Goosehead Insurance, Inc (NASDAQ:GSHD) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 28,234 shares of the company’s stock, valued at approximately $3,027,000. Goosehead Insurance comprises 1.9% of Sovereign s Capital Management LLC’s portfolio, making the stock its 22nd biggest position.

A number of other large investors have also modified their holdings of GSHD. American Century Companies Inc. raised its position in shares of Goosehead Insurance by 51.4% in the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock worth $69,597,000 after acquiring an additional 220,267 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Goosehead Insurance by 89.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company’s stock worth $21,870,000 after acquiring an additional 96,309 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Goosehead Insurance by 312.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company’s stock worth $11,754,000 after acquiring an additional 83,028 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Goosehead Insurance in the fourth quarter worth about $8,737,000. Finally, Ameriprise Financial Inc. raised its position in shares of Goosehead Insurance by 110.0% in the fourth quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company’s stock worth $16,054,000 after acquiring an additional 78,434 shares during the period.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at approximately $16,290,838.41. This represents a 12.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the sale, the director now directly owns 339,008 shares of the company’s stock, valued at approximately $41,138,620.80. This trade represents a 37.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 412,778 shares of company stock worth $48,147,358. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Stock Up 4.5%

GSHD stock opened at $113.83 on Monday. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 158.10, a PEG ratio of 5.17 and a beta of 1.45. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a 12 month low of $54.80 and a 12 month high of $130.39. The firm has a 50-day moving average of $108.92 and a two-hundred day moving average of $111.65.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. Goosehead Insurance’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GSHD shares. Truist Financial reiterated a “hold” rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Bank of America upped their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. JMP Securities restated a “market outperform” rating and set a $150.00 price target on shares of Goosehead Insurance in a research report on Thursday, April 24th. UBS Group reduced their price target on shares of Goosehead Insurance from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Finally, BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating for the company in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $115.40.

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.