Goosehead Insurance (NASDAQ:GSHD – Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 100,000 shares of Goosehead Insurance stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $65.31, for a total transaction of $6,531,000.00. Following the completion of the transaction, the insider directly owned 6,767,661 shares of the company’s stock, valued at approximately $441,995,939.91. This represents a 1.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
& Robyn Jones Descendants Mark also recently made the following trade(s):
- On Tuesday, August 4th, & Robyn Jones Descendants Mark sold 22,481 shares of Goosehead Insurance stock. The stock was sold at an average price of $66.87, for a total transaction of $1,503,304.47.
- On Thursday, July 30th, & Robyn Jones Descendants Mark sold 2,519 shares of Goosehead Insurance stock. The stock was sold at an average price of $66.27, for a total transaction of $166,934.13.
- On Wednesday, July 29th, & Robyn Jones Descendants Mark sold 125,000 shares of Goosehead Insurance stock. The shares were sold at an average price of $69.71, for a total transaction of $8,713,750.00.
- On Wednesday, May 27th, & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.76, for a total transaction of $390,806.88.
- On Tuesday, May 26th, & Robyn Jones Descendants Mark sold 45,588 shares of Goosehead Insurance stock. The stock was sold at an average price of $40.07, for a total transaction of $1,826,711.16.
- On Friday, May 22nd, & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock. The stock was sold at an average price of $41.77, for a total transaction of $3,453,919.53.
- On Thursday, May 21st, & Robyn Jones Descendants Mark sold 70,751 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.36, for a total value of $2,926,261.36.
Goosehead Insurance Trading Down 2.2%
NASDAQ:GSHD opened at $65.20 on Friday. The firm has a market capitalization of $2.32 billion, a PE ratio of 47.59, a price-to-earnings-growth ratio of 2.39 and a beta of 1.38. The stock has a 50 day moving average of $49.76 and a 200-day moving average of $48.62. Goosehead Insurance has a 52 week low of $33.68 and a 52 week high of $90.79.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in GSHD. M&T Bank Corp raised its position in shares of Goosehead Insurance by 1,075.4% during the fourth quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock worth $8,531,000 after purchasing an additional 105,979 shares during the period. Langdon Equity Partners acquired a new position in shares of Goosehead Insurance in the fourth quarter worth about $41,892,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Goosehead Insurance by 43,893.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock worth $4,795,000 after buying an additional 64,963 shares during the period. UBS Group AG increased its position in shares of Goosehead Insurance by 26.7% in the fourth quarter. UBS Group AG now owns 156,019 shares of the company’s stock worth $11,491,000 after acquiring an additional 32,920 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its position in shares of Goosehead Insurance by 226.5% in the first quarter. Wesbanco Bank Inc. now owns 32,000 shares of the company’s stock worth $1,365,000 after acquiring an additional 22,200 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on GSHD shares. UBS Group increased their price objective on shares of Goosehead Insurance from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Citizens Jmp decreased their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $76.00 price target on shares of Goosehead Insurance in a report on Thursday, July 23rd. Finally, Bank of America cut their price target on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $68.45.
About Goosehead Insurance
Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.
Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.
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