Goosehead Insurance Inc (NASDAQ:GSHD) major shareholder Robyn Mary Elizabeth Jones sold 43,490 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $40.30, for a total value of $1,752,647.00. Following the completion of the sale, the insider now directly owns 747,890 shares in the company, valued at approximately $30,139,967. The sale was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Robyn Mary Elizabeth Jones also recently made the following trade(s):

  • On Monday, December 2nd, Robyn Mary Elizabeth Jones sold 14,422 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.13, for a total value of $578,754.86.

NASDAQ:GSHD opened at $40.09 on Thursday. The stock has a market capitalization of $616.16 million, a P/E ratio of 200.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.13. Goosehead Insurance Inc has a 1 year low of $23.18 and a 1 year high of $51.98. The firm has a 50 day moving average of $45.13 and a 200-day moving average of $44.48.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Friday, November 1st. The company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. Goosehead Insurance had a negative return on equity of 15.46% and a net margin of 5.69%. The business had revenue of $21.17 million for the quarter, compared to analyst estimates of $21.57 million. Goosehead Insurance’s revenue for the quarter was up 31.9% on a year-over-year basis. On average, analysts anticipate that Goosehead Insurance Inc will post 0.34 earnings per share for the current fiscal year.

Several research firms have issued reports on GSHD. JPMorgan Chase & Co. set a $60.00 price objective on Goosehead Insurance and gave the stock a “buy” rating in a research note on Wednesday, September 18th. ValuEngine downgraded shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Wednesday. Keefe, Bruyette & Woods upped their target price on shares of Goosehead Insurance from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Finally, Zacks Investment Research cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $52.00.

A number of institutional investors have recently bought and sold shares of the business. Ashford Capital Management Inc. bought a new stake in shares of Goosehead Insurance during the second quarter worth $14,474,000. GW&K Investment Management LLC increased its stake in shares of Goosehead Insurance by 387.0% in the third quarter. GW&K Investment Management LLC now owns 276,469 shares of the company’s stock valued at $13,644,000 after buying an additional 219,702 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Goosehead Insurance in the second quarter valued at $7,985,000. Picton Mahoney Asset Management bought a new position in shares of Goosehead Insurance in the third quarter valued at about $7,911,000. Finally, Castleark Management LLC acquired a new position in Goosehead Insurance during the 2nd quarter worth about $6,376,000. 89.13% of the stock is currently owned by institutional investors.

About Goosehead Insurance

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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Insider Buying and Selling by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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