Public Employees Retirement System of Ohio lessened its holdings in shares of Goosehead Insurance Inc (NASDAQ:GSHD) by 17.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 47,593 shares of the company’s stock after selling 9,802 shares during the period. Public Employees Retirement System of Ohio’s holdings in Goosehead Insurance were worth $2,275,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new position in Goosehead Insurance during the 2nd quarter valued at about $33,000. Bank of Montreal Can purchased a new position in Goosehead Insurance during the 2nd quarter valued at about $45,000. FNY Investment Advisers LLC purchased a new position in Goosehead Insurance during the 2nd quarter valued at about $57,000. BNP Paribas Arbitrage SA grew its stake in Goosehead Insurance by 487.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,031 shares of the company’s stock valued at $57,000 after acquiring an additional 1,685 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Goosehead Insurance by 29.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,072 shares of the company’s stock valued at $145,000 after acquiring an additional 691 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Several research firms have weighed in on GSHD. Zacks Investment Research raised Goosehead Insurance from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday, August 7th. Bank of America reaffirmed a “buy” rating and set a $55.00 target price (up previously from $37.00) on shares of Goosehead Insurance in a research note on Tuesday, July 2nd. Finally, ValuEngine cut Goosehead Insurance from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.

In related news, insider & Robyn Jones Descendants Mark sold 7,958 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $50.05, for a total value of $398,297.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark S. Colby sold 1,032 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $45.01, for a total value of $46,450.32. The disclosure for this sale can be found here. In the last three months, insiders sold 411,797 shares of company stock valued at $18,366,739. 67.50% of the stock is currently owned by company insiders.

NASDAQ:GSHD traded up $1.74 on Tuesday, hitting $45.39. 1,581 shares of the company’s stock traded hands, compared to its average volume of 112,800. Goosehead Insurance Inc has a 1 year low of $20.49 and a 1 year high of $51.47. The firm has a 50-day moving average price of $45.22 and a 200-day moving average price of $38.03. The company has a market cap of $703.04 million, a PE ratio of 223.13, a price-to-earnings-growth ratio of 2.73 and a beta of 0.35.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). Goosehead Insurance had a net margin of 5.06% and a negative return on equity of 14.52%. The business had revenue of $19.40 million for the quarter, compared to analysts’ expectations of $19.83 million. The firm’s revenue was up 31.1% on a year-over-year basis. Analysts predict that Goosehead Insurance Inc will post 0.34 earnings per share for the current fiscal year.

Goosehead Insurance Profile

Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.

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Institutional Ownership by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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