Voya Investment Management LLC Sells 668 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Voya Investment Management LLC reduced its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,770 shares of the company’s stock after selling 668 shares during the quarter. Voya Investment Management LLC’s holdings in Goosehead Insurance were worth $1,584,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GSHD. Louisiana State Employees Retirement System lifted its holdings in shares of Goosehead Insurance by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company’s stock worth $1,265,000 after acquiring an additional 100 shares during the last quarter. Mechanics Bank Trust Department boosted its position in Goosehead Insurance by 4.5% in the fourth quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock valued at $274,000 after buying an additional 109 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Goosehead Insurance by 1.5% during the fourth quarter. New York State Teachers Retirement System now owns 13,468 shares of the company’s stock worth $1,444,000 after buying an additional 204 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Goosehead Insurance by 2.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company’s stock worth $959,000 after buying an additional 210 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Goosehead Insurance by 10.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,792 shares of the company’s stock worth $299,000 after buying an additional 254 shares in the last quarter.

Goosehead Insurance Stock Up 5.4 %

Shares of NASDAQ GSHD opened at $102.38 on Monday. The company’s 50 day moving average price is $111.98 and its 200-day moving average price is $111.57. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a 52-week low of $54.80 and a 52-week high of $130.39. The company has a market capitalization of $3.84 billion, a P/E ratio of 142.20, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business had revenue of $75.58 million for the quarter, compared to analyst estimates of $78.59 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. Goosehead Insurance’s revenue for the quarter was up 17.2% on a year-over-year basis. Equities analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GSHD. JMP Securities reaffirmed a “market outperform” rating and issued a $150.00 target price on shares of Goosehead Insurance in a report on Thursday, April 24th. BMO Capital Markets lowered their price objective on Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. Piper Sandler cut their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Goosehead Insurance from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and a consensus target price of $115.40.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the transaction, the director now directly owns 339,008 shares in the company, valued at approximately $41,138,620.80. This represents a 37.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark E. Jr. Jones acquired 1,010 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $118.02 per share, with a total value of $119,200.20. Following the purchase, the chief financial officer now directly owns 2,342 shares in the company, valued at $276,402.84. This represents a 75.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 308,812 shares of company stock worth $37,392,258 in the last 90 days. Corporate insiders own 48.35% of the company’s stock.

Goosehead Insurance Company Profile

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.