SG Americas Securities LLC Boosts Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

SG Americas Securities LLC raised its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 885.5% in the fourth quarter, Holdings Channel reports. The firm owned 51,662 shares of the company’s stock after purchasing an additional 46,420 shares during the period. SG Americas Securities LLC’s holdings in Goosehead Insurance were worth $5,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. bought a new position in Goosehead Insurance during the third quarter valued at about $29,000. GAMMA Investing LLC grew its position in shares of Goosehead Insurance by 195.8% during 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 period. Blue Trust Inc. increased its stake in shares of Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after purchasing an additional 403 shares during the last quarter. Quarry LP raised 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 worth $47,000 after purchasing an additional 787 shares during the period. Finally, Financial Management Professionals Inc. purchased a new position in Goosehead Insurance in the third quarter valued at approximately $60,000.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $100.87 on Friday. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 140.10, a PEG ratio of 4.23 and a beta of 1.41. 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 business has a 50-day simple moving average of $112.76 and a 200 day simple moving average of $97.14. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $78.04 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.28 earnings per share. On average, research analysts forecast that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Goosehead Insurance Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be paid a $5.91 dividend. The ex-dividend date is Tuesday, January 21st. This is a boost from Goosehead Insurance’s previous dividend of $1.63.

Insiders Place Their Bets

In other news, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 48.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GSHD shares. JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Royal Bank of Canada boosted their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen increased their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Finally, Piper Sandler raised their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Goosehead Insurance currently has an average rating of “Hold” and a consensus price target of $99.20.

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.