Jennison Associates LLC reduced its position in Goosehead Insurance, Inc (NASDAQ:GSHD – Get the Badge) by 55.2% during the 3rd quarter, according to its most recent filing with the SEC. The organization sold 68,204 shares of the company’s stock, after selling 83,907 shares during the period. Jennison Associates LLC owned about 0.18% of Goosehead Insurance worth $2,431,000 as of its most recent filing with the SEC.
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Several other institutional investors have also recently bought and sold shares of GSHD. Group One Trading LP purchased a new stake in shares of Goosehead Insurance in the first quarter valued at about $59,000. HighTower Advisors LLC lifted its stake in shares of Goosehead Insurance by 16.6% in the first quarter. HighTower Advisors LLC now owns 3,167 shares of the company’s stock valued at $248,000 after purchasing an additional 450 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in shares of Goosehead Insurance in the first quarter worth about $519,000. Bank of Montreal Can raised its stake in shares of Goosehead Insurance by 47.6% in the first quarter. Bank of Montreal Can now owns 13,023 shares of the company’s stock worth $1,120,000 after buying an additional 4,202 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Goosehead Insurance by 53.5% in the first quarter. MetLife Investment Management LLC now owns 9,763 shares of the company’s stock worth $767,000 after buying an additional 3,404 shares during the last quarter. Institutional investors own 99.96% of the company’s stock.
Try the New Price Guide
GSHD has been the subject of many detailed reports. Royal Bank of Canada reduced their price objective on Goosehead Insurance from $100.00 to $75.00 in a research note on Thursday, October 27th. Truist Financial reduced their price objective on Goosehead Insurance from $55.00 to $40.00 in a research note on Thursday, October 27th. Finally, JMP Securities reduced their price target on Goosehead Insurance from $120.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 18th. Two research analysts have rated the stock with a buy rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a rating of “Moderate Buy” and a target price of $68.00.
Buy and Sell Goosehead Insurance
In other Goosehead Insurance news, CFO Mark E. Jr. Jones sold 13,931 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock traded at an average price of $40.71, for a total price of $567,131.01. The purchase was disclosed in a document filed with the SEC, which can be accessed through this relationship. In other news, shareholder Major & Robyn Jones Descendants Mark sold 35,801 shares of the stock in a transaction on Monday, October 31st. The stock traded at an average price of $41.08, for a total sale of $1,470,705.08. Following the purchase, the insider now directly owns 132,349 shares of the company’s stock, valued at $5,436,896.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed via the SEC website. In addition, CFO Mark E. Jr. sold Jones sold 13,931 shares of the stock in a transaction on Tuesday, November 1st. The stock traded at an average price of $40.71, for a total price of $567,131.01. Information can be found for this purchase here. Insiders sold 193,540 shares of company stock worth $7,841,621 in the last ninety days. 48.35% of the stock is currently owned by commercial companies.
Goosehead Insurance Price Performance
Share of NASDAQ GSHD opened at $38.32 on Thursday. The stock’s fifty-day moving average is $38.23 and its two-hundred-day moving average is $43.85. Goosehead Insurance, Inc has a one year low of $29.23 and a one year high of $102.06. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 3,835.84, a P/E/G ratio of 6.18 and a beta of 1.22.
Goosehead Insurance (NASDAQ:GSHD – Get the Badge) issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Goosehead Insurance had a negative return on equity of 0.56% and a profit margin of 0.18%. The company had revenue of $57.69 million for the quarter, compared to analyst estimates of $54.02 million. On average, equities research analysts expect that Goosehead Insurance, Inc will post -0.01 earnings per share for the current fiscal year.
About Goosehead Insurance
Goosehead Insurance, Inc. is a holding company for Goosehead Financial, LLC that provides insurance agency services in the United States. The company operates in two segments, Corporate Banking and Retail. Offers home, insurance, auto, home insurance, flood, wind, earthquake, excess credit or umbrella, motorcycle, recreational vehicle, general liability, property, and equipment. life insurance and services.
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