King Luther Capital Management Corp Purchases 2,607 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

King Luther Capital Management Corp increased its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,259 shares of the company’s stock after purchasing an additional 2,607 shares during the period. King Luther Capital Management Corp owned approximately 0.39% of Goosehead Insurance worth $13,061,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GSHD. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Goosehead Insurance during the 3rd quarter valued at $29,000. GAMMA Investing LLC lifted its position in shares of Goosehead Insurance by 195.8% in the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after purchasing an additional 231 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in Goosehead Insurance by 49.4% in the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after buying an additional 210 shares during the period. Blue Trust Inc. lifted its stake in shares of Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after purchasing an additional 403 shares during the period. Finally, Quarry LP boosted its holdings in shares of Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after buying an additional 787 shares in the last quarter.

Analyst Ratings Changes

GSHD has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $84.00 price objective (down from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. Royal Bank of Canada lifted their target price on Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Piper Sandler increased their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Finally, Truist Financial boosted their target price on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and an average target price of $97.90.

Insiders Place Their Bets

In other news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the transaction, the chief executive officer now owns 30,000 shares in the company, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,232 shares of company stock worth $13,425,876 over the last quarter. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD opened at $122.18 on Friday. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $124.40. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 169.70, a price-to-earnings-growth ratio of 4.51 and a beta of 1.32. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm has a 50 day moving average of $100.48 and a 200 day moving average of $80.51.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share for the current 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.