Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lowered its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 12.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,141 shares of the company’s stock after selling 166 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Goosehead Insurance were worth $122,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GSHD. Whittier Trust Co. of Nevada Inc. acquired a new stake in Goosehead Insurance in the 3rd quarter valued at about $29,000. GAMMA Investing LLC increased its holdings in shares of Goosehead Insurance by 195.8% in the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after acquiring an additional 231 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after acquiring an additional 403 shares during the last quarter. Quarry LP increased its holdings in shares of Goosehead Insurance by 2,810.7% in the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after acquiring an additional 787 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in shares of Goosehead Insurance in the 3rd quarter valued at about $60,000.

Insider Buying and Selling

In related news, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 38.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. TD Cowen increased their price objective on 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 price objective on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Piper Sandler raised their price target on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. raised their price target on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Finally, Truist Financial raised their price target on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and a consensus target price of $99.20.

Goosehead Insurance Stock Down 2.9 %

GSHD opened at $103.25 on Thursday. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The business has a 50 day simple moving average of $113.47 and a 200-day simple moving average of $96.79. The stock 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 12 month low of $50.47 and a 12 month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. Goosehead Insurance’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Goosehead Insurance Increases Dividend

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

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.