Jacobson & Schmitt Advisors LLC Acquires 13,594 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Jacobson & Schmitt Advisors LLC lifted its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 10.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,642 shares of the company’s stock after acquiring an additional 13,594 shares during the period. Goosehead Insurance makes up 2.6% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 15th biggest holding. Jacobson & Schmitt Advisors LLC’s holdings in Goosehead Insurance were worth $12,649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Goosehead Insurance by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company’s stock worth $179,589,000 after buying an additional 36,676 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Goosehead Insurance by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after purchasing an additional 165 shares during the last quarter. Norden Group LLC grew its stake in Goosehead Insurance by 37.6% in the 1st quarter. Norden Group LLC now owns 7,799 shares of the company’s stock valued at $520,000 after purchasing an additional 2,130 shares during the period. BNP Paribas Financial Markets increased its position in shares of Goosehead Insurance by 9.6% during the 1st quarter. BNP Paribas Financial Markets now owns 19,282 shares of the company’s stock valued at $1,285,000 after purchasing an additional 1,682 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Goosehead Insurance by 31.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,428 shares of the company’s stock worth $295,000 after purchasing an additional 1,058 shares during the period.

Insider Buying and Selling

In other news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total value of $4,402,024.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $100.21, for a total transaction of $4,402,024.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at approximately $425,950. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,726 shares of company stock valued at $10,712,638. Company insiders own 48.35% of the company’s stock.

Goosehead Insurance Stock Performance

NASDAQ:GSHD opened at $108.90 on Friday. The business’s fifty day moving average is $90.60 and its 200 day moving average is $74.25. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 151.25, a PEG ratio of 4.19 and a beta of 1.35. 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 $50.47 and a 52-week high of $111.41.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $80.54 million. During the same period in the prior year, the business posted $0.28 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Research analysts predict that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $84.00 price objective (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. Royal Bank of Canada increased their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. UBS Group upped their price target on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets lowered Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective for the company. in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance has an average rating of “Hold” and an average price target of $91.30.

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.