Cubist Systematic Strategies LLC Makes New Investment in Goosehead Insurance, Inc (NASDAQ:GSHD)

Cubist Systematic Strategies LLC bought a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,601 shares of the company’s stock, valued at approximately $1,673,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in Goosehead Insurance by 110.0% during the 4th quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company’s stock worth $16,054,000 after acquiring an additional 78,434 shares during the period. Jane Street Group LLC raised its stake in Goosehead Insurance by 20.0% during the 4th quarter. Jane Street Group LLC now owns 50,737 shares of the company’s stock worth $5,440,000 after acquiring an additional 8,442 shares during the period. Freestone Grove Partners LP purchased a new stake in Goosehead Insurance during the 4th quarter valued at approximately $281,000. Schonfeld Strategic Advisors LLC purchased a new stake in Goosehead Insurance during the 4th quarter valued at approximately $690,000. Finally, Northern Trust Corp grew its holdings in Goosehead Insurance by 10.4% during the 4th quarter. Northern Trust Corp now owns 266,466 shares of the company’s stock valued at $28,570,000 after buying an additional 25,173 shares in the last quarter.

Insider Buying and Selling

In other news, Chairman Mark Evan Jones sold 40,000 shares of Goosehead Insurance stock in a transaction on Friday, February 28th. The stock was sold at an average price of $119.04, for a total transaction of $4,761,600.00. Following the completion of the sale, the chairman now directly owns 38,951 shares in the company, valued at approximately $4,636,727.04. This trade represents a 50.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $16,290,838.41. This trade represents a 12.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 338,893 shares of company stock worth $40,459,016 over the last three months. 48.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GSHD shares. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 price objective on shares of Goosehead Insurance in a report on Thursday, April 24th. Bank of America increased their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, February 25th. BMO Capital Markets cut their price objective on shares of Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods increased their price objective on shares of Goosehead Insurance from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, Truist Financial reaffirmed a “hold” rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. One equities 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $115.40.

Goosehead Insurance Trading Up 2.0%

GSHD stock opened at $105.42 on Tuesday. The firm has a market cap of $3.96 billion, a PE ratio of 146.42, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45. The firm has a fifty day moving average price of $109.60 and a 200 day moving average price of $111.67. Goosehead Insurance, Inc has a fifty-two week low of $54.80 and a fifty-two week high of $130.39. 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 (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. Goosehead Insurance’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Goosehead Insurance 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.